Facet CIO Tom Graff Weighs In on August CPI Data for Kiplinger

Kiplinger featured Facet’s Tom Graff to explain how current inflation trends and Fed policy decisions impact the broader economic landscape.

CIO Tom Graff shares perspective with Kiplinger on inflation metrics and Fed expectations.

Unfortunately, there is a building narrative in the bond market that the Fed is behind the curve and the Treasury is powerless to drop longer-term rates from rising. This CPI report isn’t going to help. In my view, the Fed absolutely needs to hike at the September meeting. Otherwise, these narratives really risk getting out of control, which could cause unnecessary damage to the economy.