Thoughtful Money with Adam Taggart

Fed Fears Too-High Rates Are Starting To Crush The Economy | Lance Roberts & Adam Taggart

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Jul 13, 2024
Financial expert Lance Roberts and Adam Taggart discuss Fed fears of high interest rates' impact on the economy. They explore the need for rate cuts to prevent economic damage, low GDP growth, rising unemployment, deficits, and consumer struggles. Can the Fed save the day before it's too late?
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INSIGHT

Real Inflation

  • Real inflation is closer to 1.8%, excluding lagging shelter costs.
  • The Fed wants to ease but fears rekindling inflation and appearing politically motivated.
INSIGHT

Unsustainable Rates

  • High current debt levels require lower interest rates for economic sustainability.
  • The economy is normalizing to pre-2020 conditions with unsustainable rates.
INSIGHT

Flawed Data

  • The Fed recognizes flawed economic data, particularly lagging shelter costs in CPI.
  • Lowering interest rates could significantly reduce the deficit by decreasing interest expenses.
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