Fed Will Keep Playing Offense On Inflation, But Not As Aggressively

One thing that is really interesting about last week is that we saw a whole range of volatility measures across asset classes really plunging, notes Michael Purves. He discusses the outlook for Fed rate hikes. He talks about how last week's inflation data will impact the Fed's rate hike decisions. He then goes over how the bank earnings will impact upcoming Fedspeak. He mentions how he thinks the Fed will keep having to play offense on inflation, but the offense doesn't need to be nearly as aggressive because we are more than a year into the hiking cycle. Tune in to find out more about the stock market today.