The Feds War On Inflation Just Got Tougher
Published: 2024-02-21
Status:
Available
|
Analyzed
Published: 2024-02-21
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Core Consumer Price Index (CPI) inflation reached 3.9%, exceeding the expected 3.7%.
"core inflation came in at 3.9% Which is higher than the 3.7% expected inflation"
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The Federal Reserve Bank may have to delay anticipated interest rate cuts due to current economic data, despite pressure from various stakeholders to cut rates sooner.
"do you have to wait even longer than expected to start cutting interest rates even though you have a lot of people in the United States including the white house hoping that the the Federal Reserve Bank will cut interest rates sooner than expected"
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Core Producer Price Index (PPI), excluding food, energy, and trade, increased by 0.6% in January 2023, marking the largest monthly rise since January 2023.
"the core PPI producer price index excluding food energy and trade jumped 0.6% Which is the biggest one Monon Advance since January 2023"
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Core CPI reached 3.9%, exceeding the expected 3.7% and significantly above the Federal Reserve's 2% target.
"core inflation came in at 3.9% Which is higher than the 3.7% expected inflation and that's clearly higher than the 2% inflation that the Federal Reserve Bank is aiming for"
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The Federal Reserve may have to delay interest rate cuts longer than initially anticipated.
"do you have to wait even longer than expected to start cutting interest rates"
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Core PPI (excluding food, energy, and trade) increased by 0.6% month-over-month, marking the largest such advance since January 2023.
"the core PPI producer price index excluding food energy and trade jumped 0.6% which is the biggest one Monon Advance since January 2023"
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In January, the US economy added 353,000 jobs, significantly higher than the expected 185,000.
"in the month of January it was expected that our economy would add around 185,000 jobs well in actuality our United States economy added 353,000 jobs"
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The US economy added 353,000 jobs in January, significantly exceeding the expected 185,000.
"in the month of January it was expected that our economy would add around 185,000 jobs well in actuality our United States economy added 353,000 jobs"
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The Federal Reserve desires a 'softening' of the labor market, which implies a preference for job losses and increased unemployment.
"they want to soften the labor market softening the labor market is the politically correct way of saying they want people to lose their jobs they want higher unemployment"
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The Federal Reserve's goal of 'softening the labor market' implies a desire for increased unemployment and job losses.
"they want to soften the labor market softening the labor market is the politically correct way of saying they want people to lose their jobs they want higher unemployment"
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Despite the Federal Reserve's efforts to cool inflation through interest rate hikes, the expected economic slowdown and rise in unemployment have not yet materialized.
"we are in this economy where the Federal Reserve Bank has been working to raise interest rates in order to cool down inflation and the byproduct of cooling down inflation is higher unemployment the problem is inflation isn't coming down to the 2% number as fast as the Federal Reserve Bank would like and the byproduct which is the cooling economy and the higher unemployment well that hasn't really happened yet"
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An economic cooldown is anticipated by many, potentially in the second half of 2024.
"there's a lot of people that are expecting and anticipa ating that we will eventually see this cool down in the economy maybe towards the second half of 2024"
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The current economic cycle is significant due to unprecedented levels of debt across households, corporations, and the US government.
"our economic system moves through Cycles this has happened for decades for over there the last century but the reason why this is more significant today is because of the amount of debt out there in our economic system today we have more debt than ever before not just households not just corporations but also the United States government"
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Cumulative debt levels are at an all-time high across households, corporations, and the United States government.
"we have more debt than ever before not just households not just corporations but also the United States government we have the most cumulative debt than ever before"
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US Treasury yields have been experiencing a steady increase over the past month.
"these treasury yields have been rising up and up and up slowly over the last month"
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Treasury yields have been experiencing a steady increase over the past month.
"what we've been seeing happen especially over the last month is that these treasury yields have been rising up and up and up slowly over the last month"
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Rising Treasury yields are leading to increased interest rates for consumers on mortgages, car loans, and credit card debt.
"as treasury yields have been rising over the last month interest rates for consumers to buy a home or to buy a car or your credit card debt has also been rising"
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Consumer interest rates for mortgages, car loans, and credit card debt are rising in correlation with increasing treasury yields, despite the Federal Reserve's unchanged policy rate.
"as treasury yields have been rising over the last month interest rates for consumers to buy a home or to buy a car or your credit card debt has also been rising"
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