Nobody Believes the Fed’s 2 Percent Target Anymore: Veteran Trader

Latest government inflation data shows prices are still rising, albeit a little more slowly. Friday’s Personal Consumption Expenditures inflation report shows prices are up 2.5 percent year over year, and that Americans are putting less and less money into their savings every month. What can the Federal Reserve do to help? NTD speaks to veteran trader Jim Iuorio for insight.