BLOOMBERG Bloomberg July 3, 2024
Coming up, fresh inflation data shows sticky price pressures. Wall street address to higher for longer. We begin with the big issue. A cut delay from the fed. The fed focuses on pce. Pce. Pce data was not as bad as expected. I dont see why the fed would be rushing to cutting rates. A case for fed. Easing is pretty small the market needs to see a couple of good prints on the data. We need to see a swift and compelling and convincing several prints of weaker inflation data. Im convinced inflation is not returning to 2 in any kind of stable, reliable way. Inflation is going to prove more sticky. ...