Mendon Capital Advisors President and CIO Anton Schutz joins ‘Mornings with Maria’ to break down big bank earnings, the IBM sell-off and Federal Reserve policy.
June CPI data reports a cooler inflation outlook, leading to a significant market reversal. Mendon Capital Advisors President Anton Schutz and Fox Business’s Cheryl Casone dissect the surprising figures, with month-over-month CPI at -0.4% and year-over-year at +3.5%. The positive news clashes with Fed Governor Christopher Waller’s recent warning on rising inflation, potentially easing pressure for tighter monetary policy.
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