{podcast} Jeff Schulze: Thank you for having me. Host: So Jeff, let’s start our conversation with your thoughts on the most recent inflation data. Jeff Schulze: It’s been a welcome development for the Fed [US Federal Reserve], quite honestly. If you look at core PCE (Personal Consumption Expenditures), which is the Fed’s preferred measure of inflation, you look at the annualized three- and six-month rate of that, it came in at 2.5% and 2.6%, respectively. So not far off from the Fed’s 2% target. In fact, if you look at the October release on a month-over-month basis, it came in at 0.16. So, if you annualize it, ... (full story)