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Fed's Cautious Stance: Supercore Index Signals Sticky Inflation Amid Mixed Data
Manage episode 501045415 series 3645668
Federal Reserve Chairman Jerome Powell will take center stage at the Jackson Hole Economic Symposium, but don't expect a clear interest-rate cut signal just yet, according to Christopher Hodge. With the Fed's dual mandate data pulling in different directions, Hodge says Powell will likely strike a neutral tone in his speech. He also thinks the market is overpricing a September rate cut, and that last year's Jackson Hole meeting is not a reliable indicator for this year's outcome. Hodge shares his concerns about the under-the-surface metric Supercore index, which indicates sticky domestic inflation, and explains why the Fed may prioritize caution over a rate cut.
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6991 episodes
Manage episode 501045415 series 3645668
Federal Reserve Chairman Jerome Powell will take center stage at the Jackson Hole Economic Symposium, but don't expect a clear interest-rate cut signal just yet, according to Christopher Hodge. With the Fed's dual mandate data pulling in different directions, Hodge says Powell will likely strike a neutral tone in his speech. He also thinks the market is overpricing a September rate cut, and that last year's Jackson Hole meeting is not a reliable indicator for this year's outcome. Hodge shares his concerns about the under-the-surface metric Supercore index, which indicates sticky domestic inflation, and explains why the Fed may prioritize caution over a rate cut.
======== Schwab Network ========
Empowering every investor and trader, every market day.
Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7
Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch
Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore
Watch on DistroTV - https://www.distro.tv/live/schwab-network/
Follow us on X – https://twitter.com/schwabnetwork
Follow us on Facebook – https://www.facebook.com/schwabnetwork
Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/
About Schwab Network - https://schwabnetwork.com/about
6991 episodes
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