Inflation is still high. But will the Fed raise rates next week?
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The SVB banking mess complicates the Federal Reserve's path forward on interest rates — there are concerns about higher rates putting stress on the financial system, but the latest Consumer Price Index shows that inflation is still too high. Jeffrey Cleveland of Payden & Rygel has more. The banking crisis has prompted questions around whether regulators failed to detect — or act upon — red flags in either of the failed banks, explains Wharton professor Peter Conti-Brown. And, last week's jobs report showed that women are becoming increasingly involved in the labor force after a pandemic-era dip.
Segments From this episode
Inflation is still high, but SVB complicates things for the Fed
Jeffrey Cleveland, chief economist at Payden & Rygel, reads into the latest CPI data.
Women's labor force participation is rising, but barriers remain
Women's labor force participation is approaching pre-pandemic levels, but childcare is still limiting some women's return to paid work.
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