U.S. Core Producer Prices Rise 2.3% in August From a Year Earlier

The video discusses the current state of inflation, noting a slight increase due to base effects, but still below the Federal Reserve's target. The Fed is concerned with both growth and inflation, leading to a dovish stance. The yield curve has steepened slightly, but economic data shows slowing trends, making significant changes unlikely. Global and US growth are both slowing, affecting economic forecasts.

How does the speaker describe the Fed's target in relation to inflation?

What is the current year-over-year percentage of PCE mentioned in the text?

What are the two main concerns the Fed is looking at according to the text?

What does the speaker suggest about the potential movement of the yield curve?

What does the speaker imply about global growth and its effect on the yield curve?