Name: Fed Needs to Shift Focus on Inflation & Rate Cuts
Uploaded: 2024-10-30T20:24:44.351-05:00
Duration: 9 min 58 s
Description: Campbell Harvey says consumers have grown satisfied with GDP growth under 3% when the U.S. should aim higher. He believes inflationary issues can reignite if the Fed focuses too much on year-over-year data as investors await a key jobs report later this week. Campbell also looks at the balance between bonds and yields to discuss the role they should play in deciding future rate cuts.

Fed Needs to Shift Focus on Inflation & Rate Cuts

Campbell Harvey says consumers have grown satisfied with GDP growth under 3% when the U.S. should aim higher. He believes inflationary issues can reignite if the Fed focuses too much on year-over-year data as investors await a key jobs report later this week. Campbell also looks at the balance between bonds and yields to discuss the role they should play in deciding future rate cuts.

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