Hoenig: Upcoming Data Will Be Deciding Factor for Fed

Thomas Hoenig, Distinguished Senior Fellow at the Mercatus Center, discussed the Federal Reserve's current stance amid recent economic data.

He emphasized that the Fed is maintaining a cautious, wait-and-see attitude as it awaits upcoming inflation reports, including CPI and PPI data, which will be critical for shaping future policy decisions.

He speaks with David Gura & Isabelle Lee on "The Close. " (Source: Bloomberg)