Ferguson: The Fed isn't divided, it's uncertain about inflation and the economy

分组1 - The Federal Reserve is perceived as divided and cautious, with ongoing debates about economic conditions, including inflation and labor market issues [1][2][3] - There is uncertainty regarding the impact of external factors such as tariffs and government shutdowns on inflation and economic data [2][5] - The Fed's data dependency is highlighted, with concerns about the lack of key economic reports affecting their decision-making process [6][8][10] 分组2 - Alternative data sources, such as credit card spending reports, are being considered to gauge consumer behavior and inflation trends [8][9] - Upcoming earnings reports from major companies like Delta Airlines and PepsiCo are expected to provide insights into consumer spending and inflation [9] - The Fed is aware of the concentration of GDP growth in sectors like AI, but there is skepticism about the sustainability of this growth [11][12][14]