Economy Running Too Hot for Fed, PIMCO Says

The video discusses recent trends in PPI and CPI, highlighting the challenges faced by the Fed in managing inflation. It covers projections for CPI, the stickiness of shelter inflation, and the impact of supply chain improvements. The video also anticipates the release of Fed minutes and economic projections, emphasizing the importance of understanding underlying inflation trends.

In what ways have wage inflation trends been observed in the services sector?

What insights are expected from the upcoming Fed minutes, and how do they relate to the interest rate path?