Surveillance: US Inflation Cools Sharply
Bloomberg Surveillance
00:00
The Fed's Disinflation Report
Inflation is starting to take hold, but I don't think it changes the move in July from the Fed. There's still three things that they're looking at, and they're not necessarily looking at airline fares. The market is too optimistic about the path and the timing of rate cuts. We think they're going to stay higher for longer.
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