inflation #interestrates #yahoofinance
EY-Parthenon Chief Economist Gregory Daco joins Yahoo Finance Live to discuss the August Consumer Price Index (CPI) report, the possibility of a 75-basis-point rate hike, economic uncertainty, and the Fed regaining power over inflation.
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Shrinkflation goods a corporate decision to increase inflation increase profits at the store the true stagflation built in the economy so we must raise rates WTF
.75 BS! It will be 1.00
There were forecasts of 75bps this month and lower increases following, however, I think with this report we may say additional 75bps increases later this year as well. Especially with the potential energy crisis in Europe with winter coming
@Anthony Banks Fed Funds Futures currently pricing in that 2nd 75bps.
No problem with 1.00
My goodness this is getting old.
The lies are never ending
It’s crazy how the plan to get inflation down is to make the average joe life even harder smh 🤦🏿♂️
It won’t be working on .75 point. it should be higher for this bad inflation.
off the boil?
DOWN THE TUBES WITH JOE B
That’s not nearly the whole story
@Ryan Carver no spin, just basic economics. Acting like it’s his fault is ignorant. I hope he’s gone next election and a centrist takes his place with some fiscal responsibility. Government spending is a small if not tiny piece of this global economic mess we’re in.
it was guarantee anyways. not sure how they bring this clown to talk about something that was 100% guarantee.
WHAT’S THE FED FUNDS RATE GONNA DO 🤡 SHOW?
“SOFT LANDING”
“TRANSITORY”
Wrong at every turn
The only thing at all-time-highs in this decade is Incompetence
Just print more and forgive more student debt. It’ll go away according to Biden.
The CPI is reflecting America’s Sky Rocketing Rents . Of which raising Rates will have Zero effect .
Not true. Higher rates = lay offs = foreclosures & short sales. Wide spread enough, housing prices and rents will go down significantly in most markets
Interest rates are still super low, I remember they were much higher in the 90s then now
Should raise by 2% at every meeting, and watch thet inflation sucker come down real quick!!
As well as a depression
So price gouging is still going on?
Here’s something to remember: the US media is very pro-Biden, so it’s deliberately downplaying bad economic news until after the 2022 midterm elections. You’ll hear a very different story after Election Day this November. Right now, whatever bad news you hear is not even close to how dire things REALLY are. Powell increased the money supply by 40% in 22 months ($8 trillion!) and created this runaway inflation, but he doesn’t have the nerve to do what it takes to curb it. Nothing short of a severe recession will bring inflation under control.
“If inflation is stickier than anticipated”
40 year highs for 2 years my guy. Sounds pretty mf sticky to me.
Until the FED recognizes the cause of inflation an increase in money supply not bottle neck in supply we will continue to lose.
Millions of people died in USA from covid19. We didn’t have high inflation until everything reopened. It is from shortages on everything, caused all by a shortage of people. Most people who died were restaurant workers exposed to covid19 daily without paid sick leave or even the ability to call out sick at all. If there are less people then that causes shortages in everything, causing prices to go up. The fed should still act to try to control inflation but it isn’t a simple situation.
@Steven r Inflation literally did not change until after reopening everything. That was many, many months after all the covid19 stimulus. I thought that was going to cause inflation but it did not. That’s just what actually happened in reality. AFTER all that stimulus had been going for months, maybe even a year, and everything reopened, and we had lost MILLIONS of workers to dying from covid19, only then did prices surge due to shortages in basically everything which were caused by the workers that had formerly done the work to make all the stuff being dead.
Inflation doesn’t even happen in rich countries because it gets exported to the poor countries. How and why exactly I don’t know, but that was what happened in the years following the 2008 recession when QE was started. People thought that was going to cause hyperinflation, but it didn’t even cause that much of an increase in regular inflation, and that’s because the inflation got exported to poor countries like Egypt I think was one if I recall correctly.
Inflation is certainly a problem since they openly say they cause 2-4% inflation every single year, and since we know it’s worse than that in reality; probably more like 5-6% a year, but that has not significantly changed recently.
What has changed, is we are short MILLIONS of dead workers we had only a few years ago.
“They” will never say that because then they have to answer for the catastrophe that happened and is still happening.
@Justin Williams The American rescue plan act was passed in march of 2021. The inflation rate was 2.6% on the date of signing and nearly doubled the next month to 4.2%., and has continued to rise. Most economists, and the fed agree that the 1.9 trillion dollar bill was too much. Instead of reduced spending, the government continues to debt spend which is the worst thing you can do when the fed is tryinging raise rates, to control inflation.
Most of those who died were elderly and were already retired.
2008 was a whole different animal. That failure started in the sub prime mortgage market( Fannie Mae and Freddie mac).
I remember the good old days when there were men and women, we had low gas prices, low inflation, low food prices, low energy bills, secure borders, and violent criminals that were prosecuted. Unfortunately, that all ended on January 20 2021.
1% , 75 points, 50 points. If the Democrats would stop giving money away “stimulus “. The fed still needs QT.
Jeremy Powell needs to go to Paul Volcker’s grave and pay his respects. While praying I hope he has a revelation on what “HAWKISH” really means.
From the grave I hear 10%.
This joker still saying it’s a supply issue and not monetary policy and the massive amount of money in this economy?
Glad I bought my put yesterday.
Russia and China control the world inflation. The Fed will do some more self inflicted pain.
Printing money is like eating one Cheetos.
😶
The funny thing is The Fed always acts like it is actually fighting inflation with these dickless rate hikes. It’s more like pissing on a campfire when the whole forest is on fire. The only tool in Jerome’s toolbox is wd40 to keep the money printers running.
Wow stock market down over 1000 points everybody go out and buy a electric vehicle and finance it for 10 years at $600.00 a month. Way to go Joe Biden.
Too little too late. Helicopter money since 2008 and massive outsourcing to Asian countries in search of the cheapest quasi-slave labor plus a pandemic have finally come home to roost. We’ve finally killed capitalism. The market is now a wholly owned sub of the FED and multinationals. I think it’s called a kleptocracy.
Relax, it’s transitory…lol
Told you this wouldn’t end well last year..
Remember all that money that flowed during covid? You’re paying for it now.
If I hear some asshole say Laser focused one more time . I’ll find my mind .
Their lying . Get out now or lose everything !
CPI is over extended to diminishing offset to a lower than expected return.
Birth, crawl, listen, learn.
Stand, walk, run, relax.
Sit, think, stand, walk.
Become an expert and never stop moving forward!
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Guys, to fight inflation rates have to equal or come close. be ready for a cold went brought to you by the super wealth. 1b+
Make the money disappear from banking system
100 points should do it.
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Biden is running the country in the ground
There’s still too much free money floating around, and Biden just keeps pouring on more. Trump, Biden, the Fed all at fault. I screamed about this in 2020, but when you have no pulpit, no one listens. Larry Summers HAD a pulpit, and was still ignored, so….the conclusion is Powell and crew engineered the high inflation on purpose.
Now that inflation is spreading like a cancer to every corner of the economy, the Fed wishes to dial down future inflation by tamping down the extra yogurt shops and niche muffin bakers, avant-garde dog groomers, and so on by raising borrowing costs.
Interest rates would have to be at 30% for years to make up for the spending at the government level. 0.75% is a joke.
more like 1%
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