Surveillance: Cabana on the Fed
Bloomberg Surveillance
00:00
The Fed's Hawkish Tone on Inflation
I'm concerned that not that wage growth is causing inflation but that it's a barrier to lower inflation. So I think it makes it more difficult, keeps the Fed more in a hawkish tone or mood and may even lead them to raise rates further. We're really focused on it 24-7. What's food inflation doing? What's auto inflation doing? Yeah, so food inflation has come down quite nicely since the peak.
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