Inflation is stuck
According to the PCE price index — a measure of inflation out Friday morning from the Bureau of Economic Analysis — prices in December rose three-tenths of 1%. That is the highest monthly change since April of last year. Some of that is due to the fact that energy prices have crept up. But if you take energy out of the equation, and food too, annual inflation has been sitting around 2.7 or 2.8% since July. Christopher Low, chief economist at FHN Financial, joins us to discuss. Plus, a look at consumer spending on durable goods and how OPEC+ will respond to Trump’s call for increased oil production.