from the Federal Reserve to take place in September, what does that mean for how markets may play out in the next couple of months?
I mean, certainly you've had some moderation in economic data as of late, but today's retail sales doesn't suggest that the consumer is falling off a cliff.Um, and that, you know, the consumer is still strong and, and spending quite a bit.But, you know, I've also come to realize over the last several years not to make a big deal out of, you know, a few basis points move in either direction.
Uh, if the fed doesn't cut in September, then I think you can kind of bounce around, you know, in the range that we've been in and listen, we've been living very much in a range for the last, you know, four or five months, uh, on the 10 year, you know, I think that's going to be between 4% and, you know, four and three quarters percent and, and the, and the daily data is going to move that on the margins for sure.
And so I think there's an under appreciation for the risks that inflation, um, you know, maybe doesn't trend towards 2% quite as quickly as the market seems to think it will and uh that could end up happening at the same time as the Fed wants to get in a cut or two. Donald Trump Jr. had a tense back-and-forth with a reporter for NBC News at the Republican National Convention Monday, during which he called the news crew “clowns” and ultimately shooed them away by saying, “get out of here!”The exchange was cordial at first, with NBC News correspondent Jacob Soboroff asking the eldest Trump child about the former president’s plan to change his convention speech in light of Saturday’s assassination attempt, supposedly pivoting to a message of “unity.