Gavin Friend

speaker
7,937 appearances 60 recordings 1 series first heard Sep 2024 last heard 2 Sep

Gavin Friend’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
5 · Oct OctJan 26AprJulnow

Recordings per month over the last 12 months — 29 in all, peaking in Oct 2025 with 5.

Appearances

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Bit of focus on that likely um reflects higher jet fuel, that kind of thing.
But in thinking about things like that in terms of today's PPI read.
The uh the Fairs um measuring PPI is less is likely to be less um so volatile, and we could you know think about the similar things for uh medical care services as well.
Now clearly we've got uh you know more data to come before the sixteenth of uh of September, including another CPI release and uh another payroll release.
But so far, so tame.
Uh no smoking gun.
Yeah.
Yeah, but th you know, th they're gonna want to see the f the full the full deck before they they they move at all.
Um you know, uh I'm just thinking um for the Hawks, I mean, this is not likely to change much for them.
You know, the if you think about the service sector numbers we got today, it looks like service sector dispersion was a little bit broader.
They'll worry a little bit about that.
And of course we know that the energy price rebound since, which is not in these numbers.
Will show up in August.
You know, higher electricity prices and those kinds of things will come through.
So we'll need to see what Cleveland Fed President Beth Hammock's view is on this when she speaks later today.
Remember, she was one of three dissenters at the last meeting.
And, you know, she's she said earlier this week that uh, you know, one rate move, 125 basis point move.
won't do much, i.e., any move that we do is like to be more than that.
Um, you know, all that said, um, if you think about some of the other measures that the Fed and particularly um Kevin Walsh have been thinking about, things like the Cleveland Fed's uh PCE base measure, two and a half percent, the Dallas trimmed mean two point two percent.
These things are below the official
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