Posted 1/26/2024, 6:09:52 PM
Inflation Eases But Rate Hikes Still Ahead As Economic Signals Remain Mixed
- Core PCE inflation came in below 3% for the first time in nearly 3 years ahead of next week's FOMC meeting
- CIO Megan Horneman says the data doesn't change her outlook or the Fed's trajectory
- Horneman is concerned economic strength could reignite inflation and keep rates on hold through 2024
- Shipping costs related to the Suez Canal blockage could drive volatility and higher inflation
- Tech layoffs reflect overhiring but also emerging cracks in the labor market