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Inflation Hits a Three Year High as Fed Pressure Builds
Inflation is back above 4% for the first time in three years, raising new questions about whether the Federal Reserve can even consider rate cuts with prices moving higher again.
Chuck Zodda and Marc Fandetti break down the latest CPI report, why headline inflation is being driven by food and energy, and why core inflation remains a major concern for the Fed. They also discuss Kevin Warsh’s first major credibility test as Fed chair, renewed volatility in semiconductor stocks after a massive AI-driven rally, where investors are rotating as chip stocks stumble, and Todd Lutsky joins for Ask…
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