Morning Brew Daily Anduril Scores $22B US Army Contract & Inflation Sours Rate Cut Hopes
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Feb 13, 2025 Get ready for a wild ride through inflation's surprising surge, shaking up hopes for interest rate cuts. Anduril hits a $22 billion contract jackpot with the US Army, showcasing defense tech innovation alongside Microsoft's involvement. Olipop bubbles to the top of the prebiotic soda scene, competing fiercely with Poppy. Plus, discover how Miami's airport is essential for Valentine’s Day flower deliveries. Amidst the numbers game, hear a quirky mix of TikTok trends and fun facts about YouTube and GoFundMe!
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Stubborn Inflation
- January's CPI report showed inflation increased by 0.5%, exceeding expectations.
- This reduces chances of Fed rate cuts, impacting consumer goods like groceries and gas.
Policy Impacts on Inflation
- Trump-era policies like tariffs and deportations could further increase inflation.
- These policies might limit labor supply and raise prices due to higher wages and demand.
Egg-flation
- The egg shortage significantly impacts grocery prices, affecting related items like baked goods.
- Consumers substitute eggs with other proteins, subsequently increasing their prices too.