Philadelphia Fed President Paulson: Fed funds rate 'still a little restrictive'

Summary

Sara Eisen reports on Philadelphia Fed President Anna Paulson's comments that Fed policy remains modestly restrictive and that modest rate adjustments are likely later in the year. The discussion covers a likely January pause, market pricing of about 50 basis points of cuts in 2025, and inflation details including food away from home. The segment ends with Sara Eisen watching the 10-year Treasury yield's 4.10%-4.20% range and a potential Supreme Court tariff ruling.

• Philadelphia Fed President Anna Paulson says policy is still a little restrictive.
• Paulson sees modest adjustments to the fed funds rate likely appropriate later in the year.
• Market pricing remains for a January pause and about two cuts this year.
• Inflation is moderating; growth around 2%; labor market stabilizing.
• Steve Liesman notes core PCE may run hotter than CPI due to food away from home.
• Sara Eisen is watching the 10-year Treasury yield in a 4.10%-4.20% range.
• A Supreme Court tariff ruling is flagged as a potential market risk.