Hoenig: Upcoming Inflation Data to Guide Fed's Next Moves

Thomas Hoenig, a Distinguished Senior Fellow at the Mercatus Center, discussed the current stance of the Federal Reserve in an interview. He emphasized that the Fed is taking a cautious approach as it awaits upcoming inflation reports.

Hoenig highlighted the importance of CPI and PPI data in shaping future policy decisions for the Fed. This data will serve as a crucial deciding factor for the central bank's next moves, he stated.

The Fed has been maintaining a wait-and-see attitude amidst recent economic data, according to Hoenig. By doing so, it is allowing upcoming inflation reports to guide its decision-making process.