The Rate Guy Just How Inflationary Could Tariffs Be?
Nov 10, 2024
Dive into a lively discussion on recent Federal Reserve meetings and their inflation concerns. Explore the intricate link between tariffs and their potential to influence inflation, particularly the proposed hefty tariffs on Chinese goods. The hosts also touch on election dynamics, the public’s frustration, and how these factors might shape future policies. Plus, there's a light-hearted moment involving a pet that adds a dash of humor to the serious economic talk!
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Inflation's Impact on Election
- Inflation was the primary reason for the Democrats' losses in the recent election.
- It amplified existing frustrations due to high unemployment and record stock market highs.
Market Volatility
- Rates fluctuated significantly last week due to the election and Fed meeting.
- The podcast will discuss these events, as well as tariffs and their impact.
Fed Rate Cut and Election Impact
- The Fed cut rates by 25 basis points, as anticipated by the market.
- Jerome Powell stated that the election's immediate impact on policy will be negligible.