Core PCE inflation at 2.7%YoY in Aug'24 is too high for another 50bp cut. A Goldilocks economy needs Goldilocks monetary easing: not too hot, not too cold to contain MoM core PCE gains of <0.2%MoM.
What is covered in the Full Insight:
Introduction
Current Inflation Trends
Monetary Policy and Base Money
Impact on Rate Cuts
Economic Outlook
SUMMARY
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