Muted Inflation Advance Offers Fed Breathing Room Ahead of Jackson Hole Symposium

Meera Pandit, Executive Director and Global Market Strategist at JPMorgan Asset Management, discussed the recent muted increase in personal consumption expenditures and its implications for Federal Reserve policy. With core inflation at 3.3%, above the 2% target but far below the highs seen in previous years, the Fed faces a dilemma on whether to raise rates further. She speaks with Romaine…