Service Inflation, a Spending Divide, and a Fed Ready to Act

<p>Stephen Kates and Brian Mandelbaum unpack the August CPI report, noting that service inflation continues to rise despite tame top-line numbers. They highlight the stark spending divide between affluent and lower-income households, the impact of rising fuel prices on transportation and retail names like Amazon (AMZN) and Walmart (WMT), and Kates&#39;s view that a unanimous Fed vote on rate hikes would signal stronger resolve.</p><p><br></p><p>======== Schwab Network ========</p><p>Empowering every investor and trader, every market day.</p><p> </p><p>Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe</p><p>Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185</p><p>Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7</p><p>Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch</p><p>Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore</p><p>Watch on DistroTV - https://www.distro.tv/live/schwab-network/</p><p>Follow us on X – https://twitter.com/schwabnetwork</p><p>Follow us on Facebook – https://www.facebook.com/schwabnetwork</p><p>Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/</p><p> </p><p>About Schwab Network - https://schwabnetwork.com/about</p><p><br></p>