“Admittedly there are some headwinds incoming, which should cool activity rates a little towards the end of the year as oil prices spike and financial conditions tighten. However, the economy looks in good shape, which might make investors question again why the Fed did not raise rates yesterday, especially with PCE moving further above the Fed's target to 3.6% in September,”

James McCann · said 2026-10-29 · reported 2026-10-29

McCann noted incoming headwinds including oil price spikes and tightening financial conditions, but questioned why the Fed did not raise rates given PCE above target.