Squawk on the Street Cook vs. Trump Heads to Court, Inflation and The Fed, August's Bull Run 8/29/25
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Aug 29, 2025 Eamon Javers, a CNBC correspondent based in Washington D.C., unpacks the gripping legal battle between Fed Governor Lisa Cook and President Trump. They delve into allegations surrounding Cook that could shape the future of the Federal Reserve. The conversation also navigates the economic ramifications of the Fed's preferred inflation measures, a bullish August in stock markets, and the notable movements from companies like Alibaba and Nvidia. Javers shares insights on market reactions to fiscal policies and insider trading trends.
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PCE Reading Clouds Near-Term Cut Case
- July PCE printed mostly in line but core year-on-year rose to 2.8–2.9 percent.
- That level challenges the case for aggressive Fed cuts beyond September.
Waller Signals Cuts Over Next Several Months
- Fed Governor Waller expects cuts starting in September and additional reductions over the next 3–6 months, driven by incoming data.
- His view signals a push toward more accommodative policy if labor market and inflation ease.
Insiders Are Cashing Out At Market Peaks
- Insider selling has surged this year, topping $70 billion, concentrated in big tech.
- Insiders tend to sell near highs, which doesn't necessarily predict immediate declines but signals profit-taking.