Fed Planning Major Economic Reset To Lower Inflation
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 15 April 2024
⏱️ 24 minutes
🧾️ Download transcript
Summary
Ken McElroy and Danille McElroy dig into the inflation numbers and highlight the counterintuitive idea that the Fed needs to cut interest rates to stimulate greater housing market activity, representing nearly 40% of the Consumer Price Index.
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
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Transcript
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| 0:00.0 | Welcome to the Real Estate Strategies podcast. Let's get right into this episode. |
| 0:04.8 | Inflation is running hot, and the answer just might be to cut interest rate. |
| 0:10.2 | Yeah, a lot of people are thinking the opposite, but I agree with you. Yeah. Right. |
| 0:14.5 | It's an interesting time, you know, but we're going to jump into these, dive into these |
| 0:18.2 | inflation numbers and show you guys what we're talking. |
| 0:21.1 | Yeah, let's first take a look at the historical. |
| 0:23.4 | So obviously, this is the year over year change in the CPI and shelter. |
| 0:27.4 | So for a lot of you guys that are watching from a real estate standpoint, the CPI, shelter is all housing, all things housing. |
| 0:36.9 | So as you can see, just a couple months ago, it was sitting in about 6%. |
| 0:41.7 | I think it's actually gone down a little bit. |
| 0:43.4 | It's like 5.7 today. |
| 0:45.7 | But you can see this is what the Fed's watching right here. |
| 0:49.7 | And this is why they increased rates because they felt like that by doing that, |
| 0:56.3 | it was going to actually make things better. |
| 0:59.1 | But what's happened is we all know it's not. |
| 1:03.5 | We have affordability problems. |
| 1:05.7 | We have people not listing their houses. |
| 1:07.9 | We have people that have stopped building and we're going to get into all that. |
| 1:10.7 | But it's the opposite. Yeah. So let's take a step back here. So let's look at the inflation |
| 1:16.7 | numbers just in general. So, Jerry, you can take that down for us. The core inflation rose |
| 1:25.1 | 3.8% this time around. But if you look at shelter, shelter's the highest, |
| 1:31.3 | shelter and energy, but shelter came in at 5.7%, which is just down a little bit since January, |
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