Asking about CPI data and whether it helps case for Fed rate cuts.
Matt Miller
Michael McKee
CPI report is mixed with surprises in both directions; year-over-year numbers unchanged at 2.7% headline, 2.6% core.
Questions Fed logic: if labor market tight and population growth low, why doesn't lower unemployment push inflation higher?
Matt Miller
Michael McKee
Some say Fed's logic doesn't hang together; data is noisy due to collection problems; Fed must look under the hood for clean read on inflation.