The market awaits the Fed’s final rate decision of 2023 and Chair Jerome Power suggests that any decision made will be based on data. October’s Consumer Price Index (CPI) — one of the inflation indicators that gauges the state of the US economy — is due out this week
Lakshman Achuthan, Co-Founder of the Economic Cycle Research Institute, joins Yahoo Finance Live to take a closer look at recent forward-looking data. Achutan predicts inflation may stay higher for longer as econcomic patterns point to the fact that the US may be in a “cyclical breakdown.”
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
Doesn’t look like it’s slowing to me if core CPI is expected to go up .3% fed must’ve known this. They are two weak for pausing with the expectation that it’s going up. It’s a push and pull against the government structure bill spending is supposed to still go into effect next year which will drive inflation higher. We need to clawback all of this spending and reduce it further. Who cares about a recession and inflation is the biggest threat to our economy.
Along with S&P and Fitch, the 3rd major credit agency Moody’s downgraded US. Apparently the ‘Fiscal Responsibility Act’ recently passed by Congress isn’t helping curb the rapidly rising $33T national debt. This means US gov, corporations and citizens will pay more for everything. Stock market is a good measure of inflation thus it should 2X soon (Bitcon 3X).
simple answer… because they said they would
Lol. As if everything a government has told you was true… They are clearly bluffing. Commercial real estate and banks will collapse unless they do quantitative easing in 2024
JEFF GOLDBLUM vibes ^.^