September Fed Rate Hike? The Inflation Data That Will Decide

Could the Federal Reserve raise interest rates in September?   Yelena Shulyatyeva, Senior US Economist for The Conference Board, analyzes Fed Chair Kevin Warsh's latest remarks and discusses with Erik Lundh, Senior Global Economist for The Conference Board, why markets interpreted Warsh's message as increasingly hawkish. Shulyatyeva examines what Warsh revealed about the Fed's approach to inflation, why the speed of progress toward its 2% target matters, and what his comments suggest about the underlying strength of the economy and labor market.   The conversation also explores the market reaction to the speech, the economic data the Fed will consider before its September meeting, and why The Conference Board is not yet changing its forecast of no rate hikes this year.