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Morning Brew Daily

Inflation Needs to Chill & How Fake Parts Got In Airplanes

Oct 13, 2023
29:12
Snipd AI
Discussion on the impact of inflation on markets and mortgage rates. The issue of fake parts infiltrating airplane fleets is explored. The guys also discuss stock picks of the week and TikTok's battle against a ban in Montana. The podcast also touches on the potential impacts of consumer goods companies and airlines strikes. Finally, the fate of TikTok and the use of new technology to read ancient papyrus scrolls are discussed.
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Podcast summary created with Snipd AI

Quick takeaways

  • Housing costs, particularly rent, were the main contributor to inflation, and while there are indications of rent decreasing, it may take time for lower prices to be reflected in inflation readings.
  • The US and Qatar agreed to block Iran from accessing $6 billion in oil revenue due to concerns about Iran's financial support of Hamas, which strained US-Iran relations.

Deep dives

Inflation Report Highlights Housing Costs as Major Driver

The September inflation report revealed that housing costs, especially rent, were the largest contributor to inflation. Rental costs accounted for over half of the rise in the Consumer Price Index (CPI) reading. Although there are signs of rent decreasing from pandemic highs, it may take time for lower prices to reflect in inflation readings.

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