Tom McClellan: FOMC rate changes unlikely to affect gasoline prices or CPI

Tom McClellan: FOMC rate changes unlikely to affect gasoline prices or CPI
Fed rate policy and CPI connection

Tom McClellan questioned the logic behind expecting FOMC modifications to the Fed Funds target rate to impact gasoline prices or the Consumer Price Index.

In his comment, McClellan emphasized skepticism over a direct connection between interest rate policy decisions and movements in gasoline prices or broader inflation metrics in the U.S.

McClellan has recently focused on a range of market phenomena outside of interest rate policy. He noted that CNBC's 'Markets In Turmoil' specials have become less frequent, with similar coverage now shifting to foreign networks. In another observation, he reported that full moon dates often align with turning points in gold prices.

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