Swonk Sees a Fed Rate Hike Coming in September

The video features Diane, the chief economist at Grant Thornton, discussing the current economic climate. She highlights strong growth, increased consumer and investment activity, and the potential for interest rate hikes. The discussion also covers the impact of trade tariffs on prices, particularly in the third quarter, and the resulting inflationary pressures. Diane emphasizes the importance of understanding the details in the Fed's minutes and the broader economic implications of tariffs on goods and services.

What is the significance of core inflation rates in the current economic context?

Discuss the potential impact of medical inflation on service prices.