MSNBC Morning Joe Weekend June 4, 2024 11:39:00
Here. and this is headline. this includes food and energy, which as we talked about before, has driven a lot of the inflation during this past cycle. when you take food and energy out, which is what the fed and most economists do what we call corps has not been as inflationary, but the pce again is sitting here at about 4.8%. we are going to get a new pc number on friday. the hope is for 4.2%. that would really be great, and that is one of the things the fed is watching to get down to this 2% level. it wants to be a 2% before it really starts cutting interest rates. really starts cutting inter...