#968 Jennifer Schonberger On The Real Reasons Why Inflation Is Out Of Control
The Pomp Podcast
00:00
The Fed's Plan to Kill Inflation Isn't Working, Right?
The market was pricing in a 75 basis point rate hike before the last fed meeting, and fencher powell squelched that. So you can't take what the market is pricing in as the fed's plans. The consumer right now is ok a. Based on ucesa, the retail sales in number out to day, a strong retail sales number. People are spending at restaurants. People are going out, people are travelling. We know that mortgage rates are drastically higher than they were just a few months ago. Do you worry at all about any sort of likesystemic risk by raising those interest rates?
Play episode from 10:25
Transcript
