Amid PCE data, 'don't get too complacent': Strategist
02/29/2024 23:08
Thursday morning's PCE inflation print arrived "in line" with economist estimates. However, MarketGauge.com Chief Strategist Michele Schneider cautions against seeing this as a clear sign of cooling inflation on Yahoo Finance Live. Schneider advises not to get "too comfortable" with the notion that inflation bottomed in October. She points to the 1970s when inflation data eased repeatedly, only to reaccelerate after the "loosening of monetary policy." The Fed's higher-for-longer stance "makes sense" for now, with inflation showing signs of moderation without tanking the economy. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Thursday morning's PCE inflation print arrived "in line" with economist estimates. However, MarketGauge.com Chief Strategist Michele Schneider cautions against seeing this as a clear sign of cooling inflation on Yahoo Finance Live.
Schneider advises not to get "too comfortable" with the notion that inflation bottomed in October. She points to the 1970s when inflation data eased repeatedly, only to reaccelerate after the "loosening of monetary policy." The Fed's higher-for-longer stance "makes sense" for now, with inflation showing signs of moderation without tanking the economy.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith