PIMCO's Clarida on the Fed's Next Rate Moves and Powell's Communication Approach

Former Federal Reserve Vice Chair and PIMCO Global Economic Adviser Richard Clarida joins to discuss what to expect from the upcoming FOMC decision, the likelihood of another rate hike in December, and how the current Fed communicates its policy outlook without traditional forward guidance.

■ Fed Policy Outlook
- Market pricing of a rate hold at the current meeting and the case for a December hike
- Recent Fed commentary and the shift toward a patient, data-dependent stance
- Why the hot inflation data and strong GDP growth set up a key question for the press conference

■ Inflation Drivers
- The trajectory of shelter inflation and the recent pickup in rents
- The return of goods inflation and its place in the broader basket

■ Communication Framework
- The move away from formal forward guidance in the FOMC statement
- How Fed speak from presidents and governors still shapes market pricing
- The role of the dot plot and the outlook for its use going forward

This is suited to investors, economists, and anyone following central bank policy who wants a practitioner's view on rate expectations and how to read the Fed's signals. Viewers can expect a clearer framework for interpreting upcoming data releases and Fed commentary when positioning for the months ahead.