What Falling Inflation Means For The Fed

Inflation may be subsiding due to a sustainable pace of economic growth, notes Facet’s Tom Graff. He previews the FOMC announcement at 2:00pm on Wednesday. He talks about how job growth has slowed to fall within the typical range of 1-3%. He goes over how in June, job gains were estimated at 209,000, right in the middle of that range. He outlines how evidence suggests that inflation pressure is generally earnings, and the official statistics aren't keeping up. He suggests that the Fed is indicating a rate hike this week despite improving data. He highlights what falling inflation means for the Fed. Tune in to find out more about the stock market today.