If Not Now, When Will Inflation Peak?

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 21 July 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Office of National Statistics reported Wednesday that inflation in the U.K. hit a new 40-year high in June, consumer prices rising 9.4% from a year earlier and adding pressure on the Bank of England for a response. Meanwhile, a gauge from the European Commission showed Euro Area consumer confidence dropped to its lowest level on record. And two measures of the health of the U.S. housing market showed significant deterioration last month. Still, according to Harry Melandri, we likely haven’t seen “peak inflation,” and so central banks will keep hiking rates. Melandri, an advisor at MI2 Partners, joins Real Vision’s Ash Bennington to talk about how the Fed might respond to core CPI readings over the next quarter and to express his skepticism over Russia’s weaponization of its natural gas. “Do they need the money more than we need the gas?” We also hear from Harris Kupperman about why the Federal Reserve is “gonna slow down” and “take a pause.” Watch Stephan Clapham’s full interview with Harris here: https://rvtv.io/3O8F0Dt. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:53.0	Welcome to the real vision daily briefing.
0:54.8	This Wednesday, July, 2020, 22, I'm Ash Bennington, joined today by Harry Mulandry, strategist
1:02.0	at macro intelligence to partners welcome Harry.
1:05.6	It's good to see you again, Ash, how you doing?
1:08.1	I'm doing well, lots to talk about here.
1:10.4	Before we get to it, let's take a look at equity markets, a lot of green on the screen
1:13.6	today.
1:14.6	Dow Jones industrial average up fractionally, S&P, up 500, up about six tenths of 1% closing
1:21.6	out very close to 4,000 at 3,959, but the big mover of the day is Nasdaq composite.
1:29.9	Up one spot, 6% or thereabouts, closing out the day at 11,897, once again, it's back
	...

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