The Fed is going to be focused on core inflation, excluding food and energy. Core inflation has been very slow to come down in the first half of the year. If you get a number that's around 3%, that's getting really close to normal for most people. And it's like wage gains have been in the area of 6%.
Bloomberg News Economics Reporter Steve Matthews and Yelena Shulyatyeva, Senior US Economist at BNP Paribas, discuss how the June jobs report could impact Fed policy. Richard Wahlquist, President and CEO of the American Staffing Association, shares his thoughts on the jobs report and employment trends. Swan Bitcoin Managing Director Terrence Yang talks about why big institutions are looking at Bitcoin. And we Drive to the Close with Vance Howard, CEO at Howard Capital Management.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.