Bill Dudley Says CPI Could Make July Last Fed Rate Hike

The video discusses the concept of transitory disinflation, highlighting the shift in consumer behavior from goods to services post-pandemic, leading to weak goods prices. It examines the impact on inflation and the Fed's response, noting that despite positive economic growth, the Fed may not change its course in the July meeting. The possibility of future rate hikes is considered, with a focus on the November meeting as a potential turning point.

What does the speaker suggest about the Federal Reserve's actions in the upcoming meetings?

What are the implications of the economic growth rates mentioned for future Federal Reserve decisions?