Latest / The Financial Exchange Show
CPI Keeps Pressure on the Fed as Diesel Hits $6
Consumer prices came in hot enough to keep a rate hike on the table, while diesel prices crossed $6 a gallon nationwide for the first time ever.
Chuck Zodda and Mike Armstrong discuss why the latest CPI report gives the Fed little cover to stay on hold, why markets are pricing in multiple rate hikes, and what the bond market is saying about growth and inflation expectations. They also break down how years of inflation have changed everyday prices, why diesel prices could climb even further in the coming weeks, and how rising fuel costs may ripple through shipping, home heating oil, and the…
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