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Hakimian: Fed's Preferred Inflation Gauge Shows Steady Uptrend
Manage episode 503163530 series 3645668
Spencer Hakimian says while Friday's PCE data was mostly in-line with expectations, he's concerned about the slow uptrend in year-over-year numbers that may make it harder to justify a rate cut if inflation is rising. He also points to the unusual pressure surrounding the Federal Reserve from the White House and as Jerome Powell's term as Fed Chair comes to a close next year. Spencer says tariffs can either be absorbed by consumers, companies or foreign producers and Americans should brace for higher prices passed down. He says the A.I. supercycle is "saving" this market right now and lifting spending among tech companies but he cautions that these cycles don't last forever.
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7159 episodes
Manage episode 503163530 series 3645668
Spencer Hakimian says while Friday's PCE data was mostly in-line with expectations, he's concerned about the slow uptrend in year-over-year numbers that may make it harder to justify a rate cut if inflation is rising. He also points to the unusual pressure surrounding the Federal Reserve from the White House and as Jerome Powell's term as Fed Chair comes to a close next year. Spencer says tariffs can either be absorbed by consumers, companies or foreign producers and Americans should brace for higher prices passed down. He says the A.I. supercycle is "saving" this market right now and lifting spending among tech companies but he cautions that these cycles don't last forever.
======== 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 – / schwabnetwork
Follow us on Facebook – / schwabnetwork
Follow us on LinkedIn - / schwab-network
About Schwab Network - https://schwabnetwork.com/about
7159 episodes
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