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Mike Shedlock, author and blogger at MishTalk, highlights the latest U.S. inflation data. Year-over-year PCE inflation has increased to 3.5 percent, significantly above the Federal Reserve's 2 percent target. Shedlock cautions readers against expecting interest rate cuts from the Fed amid this elevated inflation.
Shedlock has previously discussed upward pressure on interest rates and a slight inclination toward Fed hikes as markets awaited the latest U.S. monetary decision, according to a past article. He also noted the pending confirmation of Warsh as U.S. Fed chair, raising questions over future implications in a separate report. His ongoing commentary focuses on key drivers and institutional shifts affecting Fed policy.