The Fed and the market are now aligned that January is a wait-and-see meeting

On the November PPI data, the Fed's interest rate outlook and the state of the economy.

By Roger Ferguson
Roger Ferguson on CNBC's Squawk Box, 14 January 2026

Pamir co-founder Roger W. Ferguson, Jr., former Vice Chairman of the Federal Reserve and former CEO of TIAA, joined CNBC's Squawk Box on 14 January 2026 after the November PPI data.

He discussed the producer price data, its impact on the Fed's interest rate outlook and the state of the economy.

Watch the segment on CNBC (5 min).

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