Fed will be super careful after getting burned on inflation, economist says
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- Опубліковано 22 тра 2024
- April's Consumer Price Index (CPI) will be released on Wednesday. The core CPI is expected to increase by 3.6% year over year. The metric is a key tool for the Federal Reserve to assess inflation and shape future policy decisions.
ICG Head of Economic and Investment Research Nicholas Brooks joins The Morning Brief to give insight into the upcoming CPI reading and how the Fed may react to the numbers.
Brooks explains that few policy actors are sure about how persistent core services inflation will be: "The Fed is looking at three month and six month annualized rates of core services along with everybody else. They may not talk about it that much, but I'm sure they're watching that pretty carefully. And I think one of the problems with this cycle in particular, having had the pandemic and energy crisis with the Russian invasion of Ukraine, [and] a number of other factors is nobody really knows what's going on, including the Fed."
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That upcoming CPI report's gonna have the market and banks singing a little Eagles....gonna be a heartache tonight😂
The irony that the high rates will not allow us to improve our supply chains and productivity. They make inflation worse some point. Plus young people just say forget it, give up and leave the country.
"It may well be that the determination of the government...to punish certain malefactors of great wealth, has been responsible for something of the trouble; at least to the extent of having caused these men to combine to bring about as much financial stress as possible, in order to discredit the policy of the government and thereby secure a reversal of that policy, so that they may enjoy unmolested the fruits of their own evil-doing"
-President Theodore Roosevelt. 1907
"...their entire unfitness to govern the country, and ... the lasting damage they do by much of what they think are the legitimate big business operations of the day"
-President Theodore Roosevelt speaking of the rich. 1907
We are going to see commercial real estate go into problem mode. There are a lot of loans that need to be rolled over in 2024 and 25. A lot of these properties are down 80%...
There is huge credit risk coming. The prediction of bank failures is accurate. We are going to see, over the next 12 to 24 months, banks go belly-up. Then, they will have to get merged with bigger banks.
To control the heathen
Sanction and tariff to too many supply side countries especially China, it would keep the commodity goods and gasoline resources pricing usually at high level.
More profits for US companies that compete (like solar); stocks go higher.
Why the fed did this on purpose decades ago haha
🤣🤣🤣🤣