The 'Halftime' Investment Committee's post-Powell playbook

CPI may be much higher than expected. >> All that's correct, Frank. There were a bunch of caveats in there.The biggest caveat you did mention, though, that I would say is the one about inflation expectations. He basically said, we are not going to allow tariff price increases to become broader inflation. That's on his watch. He believes that's in his control, and that would mean remaining relatively tight.So you're right. And I think what happened here, Frank, is is he didn't really talk the market down. Bu ...