CNBC Television published this video item, entitled “The Fed risks following a lagging indicator in CPI data: Western Asset’s John Bellows” – below is their description.
David Kelly, JPMorgan; Mona Mahajan, Edward Jones; and John Bellows, Western Asset, join CNBC’s Steve Liesman, Rick Santelli and Michael Santoli on ‘Power Lunch’ to discuss the Federal Reserve’s decision to raise the federal funds rate 0.75%, the highest single rate increase since 1994. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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