Northwestern Mutual Wealth Management CIO Brent Schutte said today’s inflation
print does little to change that the Fed is struggling in the final phase of
fighting inflation. Inflation has remained above the 2% target for years with
little to no improvement. A weak labor market has given the Fed cover to cut
rates; as the labor market recovers, investors should reassess whether the Fed
will need to refocus on actually delivering its inflation target.
