All Clear? Let's Hear from the Fed

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 14 December 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks surged this morning after cooler-than-expected inflation data showed that consumer prices in November rose at the slowest 12-month pace since December 2021. The Consumer Price Index (CPI) rose just 0.1% from the prior month and 7.1% year-over-year, down sharply from 7.7% YoY in October. But by noon ET, stocks erased all gains and now appear to be in a holding pattern ahead of tomorrow’s Fed rate decision. Is deflation starting to do some work for the Federal Reserve? Or will Fed Chair Jerome Powell & Co. keep hiking interest rates into a recession? On today’s Daily Briefing, Ash Bennington is joined by Real Vision senior markets editor Andreas Steno Larsen and Tony Greer of the Morning Navigator to discuss what various asset classes are signaling about inflation. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	As inflation cools, how does the CPI print today play into tomorrow's Fed decision?
0:12.4	Welcome to Real Vision Daily Briefing.
0:13.8	It's Tuesday, December 13, 2022.
0:17.0	I'm Ash Bennington, joined today by Tony Greer, editor of the Morning Navigator and founder
0:21.6	of TG macro and my colleague Andreas Steno Larsen, gentlemen, welcome.
0:26.0	How you doing today, Ash?
0:27.8	Thank you.
0:29.3	I'm doing great, man.
0:30.3	It's great to have the old band back together.
0:31.7	We got three of us on this one.
0:32.9	Sure is.
0:33.9	Andreas, how are you, man?
0:35.6	I'm doing good.
0:36.6	I had the inflation report smack that but my full cost today, so I'm happy for once.
0:42.3	Right on.
0:43.3	It is all about, you know what?
0:44.3	Why don't I take it from here with a quick wrap because it's all about that inflation
0:47.8	report that we're going to hear more details out of Andreas in a moment.
0:52.3	But in terms of the market, let's get a little blurb going.
0:55.1	So it's today is just a continuation of the ongoing battle of the S&P and the 200 day
1:00.7	moving average the way I see it.
1:03.5	You know, we got the data out this morning, the stock rally, the S&P rallies to a high
	...

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