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Bloomberg Businessweek
Fed’s Favored Price Gauge Rises at Mild Pace, Spending Holds Up
Jul 26, 2024
53:33
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Mike McKee, an International Economics & Policy Correspondent, analyzes recent PCE data and its implications for Fed policy. Jamie Tarabay, a Cybersecurity Reporter, discusses heightened cyber threats to France's rail networks amid the Olympics. Felix Gillette, the Media & Entertainment Editor, highlights Joe Rogan's thriving Texas comedy scene post-California. The conversation also touches on corporate diversity initiatives and political endorsements for Kamala Harris, emphasizing strategies for engagement as elections approach. A fascinating blend of economics, security, and cultural shifts!
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Quick takeaways
- Recent PCE data indicates a mild rise in inflation, providing reassurance to the Federal Reserve about current economic stability.
- Despite strong consumer spending, consumer sentiment has plummeted due to external factors, reflecting a disconnect between economic data and public outlook.
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