The Fed Is Getting Some Traction On Services & Inflation

The majority of the FOMC sees upside risks for inflation, says Ben Emons. He discusses what the economic data is saying. He talks about how the momentum of core services inflation is slowing down, but not enough to make a mark. He notes that core PCE ex-housing slowed by two-tenths, a good sign that the Fed is getting some traction on the services side. He then goes over how inflation is impacting the economy. Finally, he goes over what investors should look out for. Tune in to find out more about the stock market today.