January CPI: U.S. will ‘see a reacceleration in inflation,’ economist says

#yahoofinance #inflation #fed

Cumberland Advisors Chief U.S. Economist David W. Berson joins Yahoo Finance Live to discuss inflation, rate hikes, Fed policy, the expectations for markets, and the outlook for the U.S. economy.

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[rammanohar]

I had to see this several times to listen to what they were saying

[oscarp]

Yes, Americans are spending even though they can't afford it. It's the Americans way!

[simpiwemaqwara]

It's still gonna be a long way to restrain inflation

[gillyOO]

The idea that Americans saved that gov give always is crazy that money is long gone

[thejeffinvade]

Fed will continue to hike, more than two times.

[Falconlibrary]

If you listen to "Wall Street analysts", they'll tell you the Fed is about to "pivot" and start lowering interest rates.
Wall Street:
*Has had the Fed at their beck and call for two decades and can't imagine the Fed NOT doing what Wall Street demands
*Is populated with "analysts" and "strategists" who literally cannot remember operating in an environment where interest rates weren't at or near zero
As Bette Davis once said: "Fasten your seatbelts, it's going to be a bumpy night."

[djcesar]

Inflation is slowing??
Tell that to my gas bill

[fofo]

Consumer is not dead yet 😂 but will be

[abdulcosmic_oracle]

Inflation is man made, 5 cents used to buy a bag of groceries because the coins had more value, they used more metals for coins, gold and silver etc. Back then the dollar was Gold Standard, but they sneak and lowered the gold standard for the US dollar, and use less metal on the new coins, that's why older coins are worth more, meaning you can work Less Lours not program 9 to 5 and pay value is higher without increasing wage which is scam cuz living expenses are man made. They raise rent and everything else because it's all regulated to keep many slaving. But the US dollar is worth 50 cents or less since they changed it from gold standards, thanks to The Treasury and taxes. So even doing your taxes, since each dollar is not original gold standard, if we were not being slaved, we should get back tripple or more. Even the USA dollar over time start looking like monopoly money. If USA cared about Uniting with everyone, we can work less hours because the dollar and coins increase in value with the Stolen Gold. Besides no one knows who the IRS entities are, not the people working there with suit and ties, those are employees waiting for a check like ever other slave.

[YS-ysus]

FYI, most times, our lovely economist are wrong about predictions.

[johnbrown]

Consumers are in bad shape, come to the hood., , rent high as hell.

[gmoney]

What about consumer debt being at all-time highs? So do you think that might have any bearing on consumer health? Just the consumer is habitually spending, doesn't mean they're healthy ie capable of sustaining that level of consumption.

[stevensmiddlemass]

Instead of trying to predict and prognosticate whether or not we’re going into a recession/depression and precisely when it’s going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 40 days in the last quarter according to Bloomberg.

[swedesam]

Of course credit card companies are seeing consumers continuing to spend...they are subsidizing their living expenses with credit debt. Credit limits and monthly minimum payments can only mask default risks for only so long.

[callmefrog]

came for the news, stayed for the culture

[joesherry]

Men of Culture - Somehow, we meet again.... just didn't think we'll meet here, but here we are.

[brianoleson]

it should be illegal to film this crap....

[小五-il]

I'm glad in my uncle's help, I get the stable growth of wealth, that I had more time to accompany family and help more people in need

[NewtonNuggets]

my rolex was 10k in december. now its 11.5k at least. that says it all