Is A Severe Recession Necessary To Curb Inflation?

It has been a quiet day in the fixed income markets ahead of the release of CPI, notes Kathy Jones. She and Michelle Gibely monitor the markets ahead of the CPI report. Kathy highlights that it's good news that inflation is receding, but bad news that it's not low enough for the Fed to stop hiking rates. Michelle mentions that job and wage growth has been strong globally, keeping core inflation high. She also talks about how the Bank of England my need to cause a severe recession to get inflation under control. They then go over expectations for this month's Fed meeting, as well as potential fixed income strategies for your portfolio. Tune in to find out more about the stock market today.