Why Next Week Is Too Early for the Fed to Raise Rates

The video discusses inflation expectations and their influence on the Federal Reserve's decisions. It highlights the importance of stable prices for business decisions and examines recent inflation reports, noting that core inflation is close to the Fed's target. The potential for a rate hike in December is considered. The video also explores retail sales data, particularly the impact of hurricanes on auto sales, and the unexpected firmness in retail sales reports despite weak auto sales.

What does a 1.9% increase in core inflation suggest about the economy?

Discuss the potential impact of Hurricane Harvey on auto sales.