Beware of Inflation: Don't Fight The Fed

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 21 December 2022

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Don't Fight The Fed... How many times have we heard that phrase.

Yet people never seem to listen. This week Powell said get out of my way. I'm fighting inflation like Volker. Inflation (via CPI) is still high at 7.1% but lower than last month and lower than expected. But still a far cry from the 4.25-4.5% Fed funds rate.

The market got the message on Thursday and Friday. Looks like the Santa Clause rally is turning into a lump of coal.

Join us for some eggnog and cookies as we celebrate this episode with some updated inflation data and juicy insight into the markets and economy.

For more information, visit the show notes at https://moneytreepodcast.com/beware-of-inflation-dont-fight-the-fed-461

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.0	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.0	Hello, Money Tree Podcast listeners. Welcome to this week's show. My name is Kirk Chisholm.
0:14.0	I'll be your host and I'm once again joined with my good friend Doug Hagrin. How's it going, Doug?
0:18.0	Dgging out of a blizzard and joy in the fruits of
0:21.2	December. Well, good. So this week, we got a lot of news this week. So let's just kind of dive right in
0:26.3	and talk about some of it. And then we'll dig into the other stuff, which has been backed up for a few
0:30.6	weeks. And I think it's also important to share. But let's start with this week. We had two big pieces of news. First, we had the Fed Funds rate.
0:39.5	Or actually, first, we had the CPI, which came out this week.
0:43.0	And the most recent CPI is 6.1, I think.
0:47.3	Is that what it is, Doug?
0:48.1	Am I getting that wrong?
0:49.1	Something like that, yes.
0:49.8	6.1.
0:50.6	So the most recent measure is 6.1.
0:53.2	It was at 6.7, I think it was, and it dropped a lot. So it actually
0:58.9	dropped more than expected, which had the market celebrating that day. And everyone was excited
1:03.6	because they figured, oh, we're going to go back to the way things were. And as you listeners of
1:08.4	the show know, that's not happening. But people are optimistic, right? It's the holidays. People are still optimistic that they're going to get their present, which is low inflation, 2% inflation once again. And we can just leverage everything up and asset price will go to the moon and there's no risk. So everyone's hopeful that we're going back to that. And for those who are listening to show, know that that's not happening.
1:28.0	So anyway, but we have been talking about how inflation is going to drop. And it has been.
1:32.4	And I think it'll continue to drop. Six point one, I think is a bigger than normal drop.
1:36.0	We'll see how far that continues. I think it's probably not going to go below five.
	...

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