Why The Core CPI Rose In August: What The Fed Is Going To Do About It
b"Core CPI M/M needs to decelerate to flat for a series of months for the Fed to soften its stance, says Jeffrey Cleveland. He and Erik Lundh discuss the reasons why core CPI rose in August. They also talk about how the markets sell-off following the August CPI report. They then go over how the Fed will react to today's CPI report. Erik notes that he continues to expect another 75BPS hike. Tune in to find out more about the stock market today."