Surveillance: US Inflation Cools Sharply
Bloomberg Surveillance
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Will the Fed Hike in July?
Michael Gaping: I agree with Bill Dudley that we can't see ongoing disinflation unless the labor market cracks. Do you think we need to see that pain in order to create a subsistence in this low inflation? He says if we're posting core from here, it'll call into question what they have to do after July. Michael Gaping: If most of our baseline forecasts are accurate for, let's call it gradual disinflation and perhaps a hiccup in growth here.
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