Will Trump, Clinton Debate Have Any Impact on Fed?

The transcript discusses the Federal Reserve's independence from political influence, with Janet Yellen asserting that the Fed's decisions are not swayed by political events. Donald Trump criticized the Fed during a debate, suggesting it acts politically by keeping interest rates low. Market expectations for a rate hike in December are mixed, with conflicting evidence and perceptions about the Fed's actions. Inflation expectations are anchored around 2%, with CPI rising above 3%, while core PCE remains flat at 1.6%. The economic picture is mixed, with both hawkish and dovish signs present.

What does the current trajectory of inflation indicate according to the discussion?

What mixed signals are present regarding the Fed's position on interest rates?