Marc Chandler – Inflation Continues To Run Hot, Markets Fall While USD and Gold Move Higher
Marc Chandler, Managing Partner at Bannockburn Global Forex joins us to focus on the inflation, CPI, data released today. The number was higher than estimates with year over year inflation at 8.6%. We discuss the different components that are keeping inflation hot and the market reaction. This all ties into the Fed rate hiking cycle where now a 50 basis point hike is priced in for September (3 meetings from now).