08-27-2020: Federal Reserve Adopts New Policy: ‘Average Inflation Target’ Of 2%
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 27 August 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
In the past, strong labor markets meant that higher inflation was just around the corner thereby indicating a reason to "tap the brakes" and raise interest rates.
Today's Stocks & Topics: VIXY - ProShares VIX Short-Term Futures ETF, FD.V - Facedrive Inc., SDGR - Schrodinger Inc., Mutual Funds, SPY - SPDR S&P 500 ETF Trust, PTY - PIMCO Corporate & Income Opportunity Fund, Going Public, WKHS - Workhorse Group Inc., Oil.
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Transcript
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley President, |
| 0:10.4 | KPP Financial, Independent Thinking, shared success. |
| 0:15.0 | And now today's podcast. |
| 0:17.0 | Good afternoon fellow investors and welcome to |
| 0:25.4 | Invest Talk. This is our Thursday, August 27th, 2020 edition of Invest Talk. |
| 0:32.8 | And we're 68 days away from the election. |
| 0:36.5 | Only a couple more trading days left in the month of August. |
| 0:40.4 | We have the conclusion of the Republican National Convention tonight with |
| 0:46.3 | President Trump giving his closing remarks and that means election |
| 0:51.2 | season is really going to ramp up in. |
| 0:55.0 | Definitely the most partisan environment of my lifetime and I would probably say that's the case for most people and that's going to be the headline |
| 1:07.5 | for the next couple of months |
| 1:10.6 | But I think the real headline should be about where we are from a fiscal situation in our country. |
| 1:21.0 | And... country. And it's a bipartisan blame. You can put a lot of blame on a lot of |
| 1:31.6 | different politicians on both sides of the aisle. |
| 1:34.7 | But once we get past the election, that will be a far more important topic. |
| 1:44.0 | And one thing I did not cover, I don't think extensively, |
| 1:49.0 | it was the week before last, so not last Friday, but the Friday before that was the week before last, not last Friday, but the Friday before that |
| 1:54.0 | was the news from that Berkshire Hathaway |
| 1:57.5 | had purchased about $500 million in Barric Gold stock and this was really a not necessarily a new decision because Warren has bought gold before in the |
| 2:20.3 | 70s in the 70s 60s and 70s in 97 in fact he purchased, what did he |
| 2:27.1 | purchased back then I forgot exactly which stock it was but it was a big |
... |
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