Ira Epstein discusses the financial market's reaction to the PCE number, noting that while it was hot as expected, the stock market rallied instead of tanking. He explains that inflation remains a concern, and he emphasizes the importance of the market influencing the Federal Reserve to reconsider aggressive rate hikes.
Epstein also covers geopolitical tensions, particularly Iran's actions in the Strait of Hormuz, highlighting the economic implications of Iran's demands for a toll and the broader impact on global trade and security.
Video Length: 00:15:39
Comments
Log in or sign up to join the conversation.