Inflation was 9.1% a year ago, and it's 3% today. That hamburger that used to cost you $16 now maybe costs you $25. People don't realize that inflation doesn't get any rid of inflation,. It doesn't mean prices are going back down.
Bloomberg News International Economics & Policy Correspondent Michael McKee and Bloomberg News Economics Editor Molly Smith discuss today's CPI data and the Fed's next move. Bloomberg News Senior Finance Reporter Sri Natarajan explains why Goldman Sachs is breaking with its long-standing convention and have been actively downplaying expectations for earnings results that will be disclosed next week. Sean O’Hara, President at Pacer ETFs, talks about the companies that make Amazon Prime Prime Day possible. And we Drive to the Close with Tony Roth, CIO at Wilmington Trust.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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