Headline CPI Hits Another 40-Year High

Real Vision: Finance & Investing

Real Vision

Business News, Business, Investing, News

4.1 • 1.1K Ratings

🗓️ 11 June 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Bureau of Labor Statistics reported on Friday that the consumer price index increased 8.6% from a year ago and 1% from a month ago in May. Both readings exceeded expectations and re-centered for the Federal Reserve and the White House the problem of fixing 40-year-high inflation. According to Peter Boockvar, the CIO of Bleakley Advisory Group, "The odds of 50 basis points at the September meeting of the FOMC are back to 100%." Not coincidentally, the University of Michigan’s consumer sentiment index plumbed an all-time low in May. Boockvar joins Real Vision’s Andreas Steno Larsen to talk about today’s CPI report, the market’s reaction, and whether the Fed will be able to tame inflation and manage a “soft landing” for the economy at the same time. We also hear from Kyle Bass and Wil VanLoh about how money-printing and war have contributed to this historic inflation surge. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3O60H7h. Watch the full conversation featuring Kyle Bass and Wil VanLoh here: https://rvtv.io/3NEKq9v. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This episode is brought to you by Kraken Pro. Meet the all-new Kraken Pro, the powerful
0:06.0	customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform
0:11.0	ever, built for lightning fast trades, unpacked with features like advanced auto-management
0:16.0	and analytics tools, all in a redesigned modular trading interface. Head to pro.krakken.com
0:21.8	and trade like a pro. Cryptocurrencies are unregulated in the UK,
0:25.5	profits may be subject to capital gains tax and the value of cryptocurrencies can go down
0:29.2	or up.
0:55.5	Join the most thoughtful community in finance. More than 300,000 people who trust
1:00.1	Real Vision to be the anchor to truth in the financial world. To get started, visit
1:04.3	realvision.com slash RVPod. Use the promo code podcast 10 to get 10% off our essential
1:10.5	membership for your first year. Enjoy the show.
1:14.0	Happy Friday everyone and welcome to the
1:25.4	Real Vision Daily Briefing. I'm Andreas Stino, sending live from Copenhagen, Denmark. To
1:32.4	be honest, it's not a happy Friday for your portfolios out there unless that you are short
1:37.0	the markets. We've seen a lot of turbulence in markets after another high inflation print
1:42.8	from the US. And to debate that exact inflation print, I'm joined by Peter Buchwar, the Chief
1:49.4	Investment Officer of the Bleetley Advisory Group today. Welcome to the show, Peter and
1:54.6	Happy Friday. Yeah, you too. Thanks for having me.
1:58.6	Well, it was another shocker of an inflation report. We had a print of 8.6%. If we look
2:04.9	at the headline figure, please unpack this shocking inflation figure for us.
2:10.9	And then the query came in at six, the estimate was 0.9. So it's interesting about the headline
2:16.1	number 8.6 relative to the estimate. This is the third month in a row with an eight
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Real Vision, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Real Vision and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.