Rebel Capitalist News
News: New INFLATION Data Points To Another 50bps Cut!!
Sep 27, 2024
In this engaging discussion, Chris MacIntosh, co-founder of a financial research firm, and Lyn Alden, a skilled financial analyst, delve into recent inflation data and its implications for investment strategies. They discuss how inflation trends relate to consumer sentiment and economic health. The duo highlights the risks of relying on stimulus versus allowing natural economic correction. They also explore global deflation trends, particularly in China, and analyze how potential interest rate cuts in the U.S. could reshape market perceptions and strategies.
25:51
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Quick takeaways
- The recent drop in PCE inflation to 2.2% suggests a potential easing of price pressures, impacting Federal Reserve policy decisions.
- Global inflation trends, particularly deflation in China and significant drops in European prices, underline the interconnectedness of international economies.
Deep dives
PCE Inflation Data Analysis
The recent PCE inflation data revealed a surprising drop to 2.2% in August, slightly lower than the expected 2.3%. This serves as a key measure for the Federal Reserve, indicating that while inflation is still present, it is not accelerating at the same rate it did in mid-2022. Excluding food and energy, core PCE inflation rose just 0.1%, suggesting underlying price pressures may be easing. The overall low inflation numbers reflect trends of disinflation, although concerns persist about the accuracy of these figures and their long-term implications.
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