GDP figures came in softer than expected on Thursday, and with PCE data set to be released tomorrow, investors may wonder what this means for the outlook on ...
and with PCE data set to be released tomorrow, investors may wonder what this means for the outlook on inflation and potential Federal Reserve rate cuts. Providence Financial & Insurance Services president Anthony Saccaro joins Wealth! to discuss the inflation outlook.
But down from its initial reading in April, the reading comes at a time when markets have been sensitive to any data that can help inform the fed's decision on rate cuts as inflation has proved stickier than expected. So what is the kind of evaluation of where we stand on wages and where that's continuing to moderate right now?Well, one of the things that you have to know about inflation is there are some areas where inflation can come down and go up and kind of fluctuate as necessary.
They don't like you, they can kind of give you the finger and, uh, in that way and they can move on and the bottom line is, is go find another job that's softening a little bit, but there's still a lot of jobs available, but I've had to give raises to my staff to keep them and you can't give a raise a year ago because wages are up and, and inflation has gone up and, and look, I gotta keep you.
So, the fact is that if the P ce comes in hotter than expected, uh, they're not gonna be able to lower rates.
Inflation Outlook Federal Reserve Providence Financial & Insurance Services Preside
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