The Fed Says They Beat Inflation (Almost)

"and they might not cut interest rates as many times as you thought in 2024."

"Now what Jerome Powell is saying is maybe we'll cut it one time, maybe two times in 2024, but probably closer to the one time."

"So, for you people that are wondering when is the Federal Reserve Bank going to cut interest rates, we don't know, but he gave us some insight on that."

"But what Joan Powell did say which was interesting is that they are anticipating ramping up interest rate cuts in 2025."

"Right now what was projected was three interest rate cuts in 2025. Now he says it might be closer to four interest rate cuts in 2025."

"CPI at 3.3% versus the expectation was 3.4%. That means inflation was expected to come in at 3.4% over the last year. It actually came in at 3.3% which is lower than expectations"

"The top two places where inflation was the highest was car insurance and shelter costs."

"But if you look at the bottom places where inflation is the lowest, where it's negative inflation, where the price of things are falling to to lower the overall inflation number, where inflation has come down the most, number one, rental car prices. Number two, toy prices. And number three is used vehicles."

"And you have a lot of institutional investors. You have a lot of big corporations. You have a lot of big commercial landlords that are sitting on millions if not billions of dollars of debt that are now going to start readjusting 2024, later this year, 2025, and 2026."

"Every decade, the United States economy goes through a recession. Every decade we see a downturn in asset prices."

"you want to make sure you have a financial system that allows you to win when markets are up and when markets are down."

"you have to have cash to be able to go out and capitalize on investment opportunities"

"the reality is things will go wrong. If you look at the history of our stock market, you look at the history of our economy, we know that our economy goes through booms and busts."