Atlanta Fed Wage Tracker Will Play into Future Inflation Expectations!
Atlanta Fed Wage Tracker Will Play into Future Inflation Expectations!
Jim Welsh of Macro Tides sits down with Blake Morrow to discuss the markets following the CPI and PPI inflation data, which does suggest that the PCE (Personal Consumption Expenditures data) will come in a little soft, which is the Fed’s favorite inflation gage. However, he does believe that wages will make it very difficult for the Fed to get inflation to its 2% target.
Jim also gives his Russel 2000, US Dollar, 10yr yield, S&P and Gold forecasts through an Elliot Wave viewpoint.
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