Jim Lacamp from Morgan Stanley discusses the challenges the Federal Reserve faces with the current inflation, which he describes as 'the hardest to tame.' He highlights the necessity for the Fed to proceed cautiously, especially with the upcoming presidential election and potential implications of China's stimulus package, which could significantly impact economic conditions in Q4.
Positive
Given the commentary about inflation and the Fed's cautious stance, sectors such as utilities or consumer staples might be more favored as investors seek stability. Additionally, if China's stimulus package supports growth, companies heavily engaged in international trade may benefit.
Oct 11, 2024, 1:58 PM
Prices in segments of the U.S. economy, like some imported goods, consumer electronics and gasoline, have deflated since September 2023.
Oct 10, 2024, 4:06 PM
Investors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.
Oct 10, 2024, 8:53 AM
The annual cost-of-living adjustment will increase monthly checks for millions of beneficiaries, including retirees and disabled workers.