JLGutierrez Listen below or on the go on Apple Podcasts and Spotify The following is an abridged transcript: The Fed’s favorite inflation gauge headlines this week just as traders are warming up to the idea that slower growth will allow the FOMC to cut rates in September. A cool number on the May core PCE could boost odds of a quarter-point cut then They now stand just above 60%. That’s up from just below 50% at the end of May. The 2-year Treasury yield (US2Y), most closely tied to the fed funds rate, is ar ...