Wall Street Breakfast CPI on tap with inflation fight looking to last through '25
Dec 8, 2024
Retail inflation is projected to stay steady with a 0.3% rise, influencing market strategies. GameStop's earnings will provide insights into the meme stock frenzy. Tensions escalate as the Syrian government faces a rebellion. The discussion delves into the November CPI and its implications for Federal Reserve policy, labor market trends, and housing costs. It also highlights how geopolitical events affect commodities and how generative AI is shaping investment strategies.
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Episode notes
Inflation and Fed Decision
- The November CPI report is crucial for the Fed's decision on a December rate cut.
- Inflation is moderating but remains a concern in the fight to reach the 2% target.
Inflation Progress and Challenges
- While inflation has been persistent, there are signs of progress, such as slowing shelter inflation.
- However, new headwinds like potential higher tariffs and lower tax rates pose challenges.
GameStop Earnings Report
- GameStop's earnings report is anticipated with interest due to its meme stock status.
- Despite bearish analyst sentiment, the company has a strong cash position and no debt.