The Fat Lady Hasn’t Sung A Note
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Everybody seems convinced that the Federal Reserve has won the inflation fight, there will be no more interest rate hikes, and rate cuts are right around the corner. But as I remind us, it’s not over until the fat lady sings. And she hasn’t sung a note. In this episode, I breaks down the latest CPI data and explain why the victory dance might be premature.
Topics Discussed
- CPI comes in slightly cooler than expected
- The market’s gleeful reaction to the CPI data
- Three reasons the war on inflation victory dance might be premature
- The US government kicks off fiscal 2024 with another big deficit
- Interest was the second-biggest expense for the federal government last month
Video Length: 00:36:51
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