The U.S. Labor Market Throws Another Curveball with Peter Boockvar
Real Vision: Finance & Investing
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The Fed's Expectations for Rate Cuts
CPI and PCE will be the last two big numbers that the Fed gets to digest. We're definitely going to see a notable step down in the headline figure to about 3% from 4, while core still will remain somewhat sticky. But inflation is going to continue to moderate in the back half of this year because of the deceleration in services inflation. And I think it's that dynamic, is that the Fed is not going to be there to save you like it has in previous downcycles.
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