Fed Decision Sets Stage for Rate Hike in September, Economist Swonk Says

The transcript discusses the Federal Open Market Committee (FOMC) statement, focusing on inflation and economic growth. Diane Swonk provides insights into potential rate hikes, emphasizing the impact of tariffs on inflation. The discussion highlights key economic data, such as the jobs report, that influence rate decisions. Future rate hikes are predicted based on economic conditions, including fiscal stimulus and unemployment rates.

What does the term 'core inflation rate' refer to in the context of this discussion?

How does the Fed's approach to rate hikes reflect its economic outlook?

Discuss the potential challenges the Fed may face with a hot economy and tariffs.