Ex-Fed Adviser Jailed for China Ties as Cooler Inflation Data Cuts Rate-Hike Odds
A former Federal Reserve adviser is sentenced to prison for lying about ties to Chinese intelligence, while a cooler-than-expected PCE inflation reading slashes the odds of an October rate hike. Plus, the Fed's inspector general clears Jerome Powell in the headquarters renovation saga, and Treasury yields whipsaw as traders shift focus to the jobs report. In this episode: • Former Fed adviser sentenced to prison for spying for China — https://www.justice.gov/opa/pr/former-adviser-federal-reserve-board-governors-sentenced-federal-prison-term • Fed's preferred inflation gauge cools more than…
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