US wholesale inflation unexpectedly declined in August for the first time in four months, alleviating worries that elevated inflation would create a challenge for Fed policymakers trying to prevent a slowdown in the labor market. Traders now almost fully priced in three rate cuts for the rest of the year. Jennifer Lee, Senior Economist and Managing Director of Economics at BMO Capital Markets, examines US inflation trends and the outlook for monetary policy. Jennifer speaks with Jess Menton and Lisa Mateo on Bloomberg Businessweek Daily. (Source: Bloomberg)
