Elevated Energy and Inflation: What's Next for the Fed

Kenny Polcari joins Diane King Hall at the NYSE to provide his market analysis as investors gauge positioning amidst elevated crude oil prices. He says the inflation data will also be elevated, as it goes hand and hand with energy costs pressuring consumers. Kenny highlights the dissent among Fed members on rate policy moving ahead. He says the ECB and other global central banks may "leave the door open" to rate hikes, not cuts. Kenny later discusses the conditions that could define stagflationary economic performance.

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