The 'Halftime Committee' debates whether stocks are on a collision course with the Fed

And we are red reacting to that news of the morning on the PPI. Uh hotter the largest monthly increase in some three years. It throws a bit of a wrench into the no inflation narrative if anything.Um the question really for all of you I think for us here on the desk is does it wreck the September rate cut narrative. If anything it kills the 50 idea probably. But what about the whole thing.I think it takes 50 off the table and I think the market effect of that is the optimism that everyone had yesterday. We b ...