Inflation was on track to hit 2% before tariffs: Ed Yardeni

The latest inflation data release, September's Personal Consumption Expenditures (PCE) data, showed prices rose in line with expectations. This report will be the US federal government's final data release before the Federal Reserve's last FOMC meeting of the year, scheduled for next week. The market is largely expecting an interest rate cut. Yardeni Research president, Ed Yardeni, joins Market Catalysts host Julie Hyman to discuss the newest inflation data and what it means for the Fed and the US stock market (^DJI, ^IXIC, ^GSPC). To watch more expert insights and analysis on the latest market action, check out more Market Catalysts.