Inflation Jolt to Fade, Fed to Stay on Sidelines

At first glance, the past week’s inflation data look hot enough to change the Fed debate, but the details were less alarming: Inflation breadth narrowed, and traders expect PCE inflation later this month to tell a similar story. Jennifer Lee, Senior Economist at BMO Capital Markets, discusses global tightening and her outlook for the Fed's inflation fight. (Source: Bloomberg)