‘This Is an Inflation First Fed Right Now,’ Evercore’s Guha Says

Evercore ISI’s Krishna Guha says the Fed is likely to weigh inflation, oil prices, and bond yields more than US jobs data when deciding whether to raise rates at this month’s meeting. The framing suggests policy sensitivity to market and commodity-driven inflation pressures rather than labor prints. Overall, it’s a modest, guidance-like read that could shift expectations for the next move in the fed funds path.