Today’s CPI suggests more Disinflation in US Economy!
Jamie McGeever, Reuters columnist, sits down with Blake Morrow to discuss today’s CPI inflation data and how he’s digesting the data release. Jamie thinks if you exclude housing/rents CPI would be must closer to two percent, the Federal Reserves mandated inflation target.
But he also expresses how the central banks (Fed, and others) may tackle inflation in the months ahead. And with Jackson Hole Symposium upon us, Jamie also talks how perhaps this could be a venue for Central Banks to slightly shift how they target inflation moving forward.
Jamie also discusses inflation vs. growth and how the Fed may react to counter a slowing economy vs fighting “sticky” inflation.
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