$XAU Low oil prices? The Fed won't
cut rates
The Federal Reserve may find it tough to justify a more dovish stance on monetary policy, even if oil prices dip following easing tensions in the Middle East, as core inflation pressures remain entrenched.
According to a fresh analysis from economist Helen Lau at CIBC Capital Markets, the biggest challenge facing the new Fed Chair Kevin Warsh is to tackle what’s known as "super core" inflation — that is, core services excluding housing — which accounts for over half of the core Personal Consumption Expenditures (PCE) inflation and is still running around 3.5% annually, a level that far exceeds the Fed's target of 2%.#NEARRises22.2% #TAORises31.9% #TradebStocks #WLDRises21PctOnEightcoDisclosure #XRPBreaksAbove$1.20Up8Pct
cut rates
The Federal Reserve may find it tough to justify a more dovish stance on monetary policy, even if oil prices dip following easing tensions in the Middle East, as core inflation pressures remain entrenched.
According to a fresh analysis from economist Helen Lau at CIBC Capital Markets, the biggest challenge facing the new Fed Chair Kevin Warsh is to tackle what’s known as "super core" inflation — that is, core services excluding housing — which accounts for over half of the core Personal Consumption Expenditures (PCE) inflation and is still running around 3.5% annually, a level that far exceeds the Fed's target of 2%.#NEARRises22.2% #TAORises31.9% #TradebStocks #WLDRises21PctOnEightcoDisclosure #XRPBreaksAbove$1.20Up8Pct
