Market Sees Rising Inflation and Weak Labor Market – Will Fed Change Their Tune?
Schwab Network · Schwab Network
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Show Notes
Chris Maxey says that companies are beginning to pass tariff costs onto consumers going into the fall. He thinks the market is anticipating rising inflation and a weak labor market: he even expects further revisions downwards for June. However, “the door is still wide open” for a rate cut in September. He doesn’t believe inflation will be transitory, as some believe, and says a lot of uncertainty lies ahead into the end of the year.
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