July PCE Catches Eyes of Interest Rate Hawks, Adds Questions for Fed

Brian Jacobsen says markets got a "sigh of relief" that PCE didn't come in higher than headline numbers showed, so long as core PCE doesn't leak into greater inflation woes.When it comes to the path ahead for interest rates, Ben Ayers doesn't think the print is enough for the Fed to raise yet. Both guests offer their takes on what July's PCE print means for the greater inflation picture.