CPI Gives Creedence to Fed’s Transitory Debate: Wells Fargo

The transcript discusses the ongoing inflation debate, focusing on supply chain pressures and labor market dynamics. It highlights the Fed's perspective on inflation being transitory and the importance of inflation expectations. The discussion also covers the impact of wage inflation in various sectors and the Fed's comfort with current inflation levels.

What inflation expectations does the Fed need to see to feel comfortable moving forward?

How do consumer inflation expectations compare to the Fed's preferred measure of inflation?