The Fed's Inflation Fight Just Got Worse
Published: 2023-09-14
Status:
Available
|
Analyzed
Published: 2023-09-14
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Headline inflation in the US grew by 3.7% between August 2022 and August 2023.
"between August of 2022 and August of 2023 CPI or headline inflation grew by 3.7 percent"
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US inflation rose from 3% in June 2023 to 3.2% in July 2023, and then to 3.7% in August 2023.
"back in June a couple of months ago or a few months ago we saw inflation at three percent by July inflation Rose to 3.2 percent and then in August we saw inflation rise to 3.7 percent"
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Rising inflation will pressure the Federal Reserve to continue increasing interest rates.
"if inflation is still Rising well that gives more pressure to the FED to keep hiking up interest rates"
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Rising inflation puts pressure on the Federal Reserve to continue raising interest rates.
"if inflation is still Rising well that gives more pressure to the FED to keep hiking up interest rates"
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The Federal Reserve expects the unemployment rate to rise to approximately 4.4%.
"the Federal Reserve Bank has come out and said that they are expecting unemployment to go up to around 4.4 percent"
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Retail gasoline prices increased by 10.6% in August 2023.
"the price of retail gasoline grew by 10.6 percent over the month"
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A significant portion of Americans may lose their ability to spend at their current rate in mid-2024.
"it looks like in the middle part of 2024 a lot of Americans are going to lose the ability to continue spending at their certain rate"
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US core inflation was 4.3%, exceeding economists' expectations.
"core inflation came in higher than expected at 4.3 percent"
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Economic downturn could lead to asset prices becoming cheaper.
"if we do see that economic pain that also means asset prices could also go on sale"
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The US unemployment rate is slowly rising and is currently around 3.8%.
"unemployment levels have been slowly trickling upwards currently we're seeing unemployment at right around 3.8 percent"
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If inflation continues to rise, the Federal Reserve will likely increase interest rates further.
"eventually then the better Reserve Bank is going to have to take action which means that interest rates have to go higher"
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The Federal Reserve expects the US unemployment rate to rise to approximately 4.4%.
"the Federal Reserve Bank has come out and said that they are expecting unemployment to go up to around 4.4 percent"
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A significant amount of debt is set to readjust at higher interest rates within the next 24 months.
"we have a lot of debt that's readjusting in the next 24 months when that debt starts to readjust"
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Many Americans are predicted to lose their ability to spend at their current rate in mid-2024 due to maxed-out credit cards and depleted savings.
"it looks like in the middle part of 2024 a lot of Americans are going to lose the ability to continue spending at their certain rate"
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A significant amount of business and commercial real estate debt is set to readjust within the next 24 months, and it is not on a 30-year fixed rate.
"a lot of the business debt and a lot of the commercial real estate debt is not a 30-year fixed rate mortgage we have a lot of debt that's readjusting in the next 24 months"
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The Federal Reserve Bank is scheduled to meet at the end of September.
"the Federal Reserve Bank is going to be meeting in the end of September"
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The Federal Reserve will likely have to raise interest rates in response to rising inflation.
"eventually then the better Reserve Bank is going to have to take action which means that interest rates have to go higher"
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2023 is advised as a year to focus on financial preparedness rather than making large financed purchases like a new truck.
"2023 is not the year for you to go go out and finance a new truck 2023 is the year for you to get financially smart"
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There is a possibility of future economic pain, though the timing is uncertain.
"there's a chance that we could see more economic pain at some point in the future who knows when"
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Economic downturn could lead to asset prices becoming cheaper.
"if we do see that economic pain that also means asset prices could also go on sale"
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The Federal Reserve Bank anticipates the US unemployment rate to rise to approximately 4.4%.
"the Federal Reserve Bank has come out and said that they are expecting unemployment to go up to around 4.4 percent"
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A significant portion of Americans are predicted to reduce their spending rate in mid-2024.
"it looks like in the middle part of 2024 a lot of Americans are going to lose the ability to continue spending at their certain rate"
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A substantial amount of US business and commercial real estate debt is set to mature and readjust within the next 24 months.
"we have a lot of debt that's readjusting in the next 24 months"
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Due to rising prices outpacing wages and impacting average personal finances, the Federal Reserve may be forced to increase interest rates further.
"if the price of things keep Rising well wages don't keep up the average person becomes poorer and eventually then the better Reserve Bank is going to have to take action which means that interest rates have to go higher"
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The presence of multiple economic red flags suggests a possibility of future economic difficulties.
"if you have all these red flags out there there's a chance that we could see more economic pain at some point in the future"
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A potential economic downturn could lead to asset prices becoming more affordable.
"if we do see that economic pain that also means asset prices could also go on sale"
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