Inflation is the Lowest in 2 Years, What's Next for Stocks?
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 12 May 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
Discover why inflation is the lowest in 2 years and what that means for the stock market.
Are you on track for financial freedom...or not?
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If you invested well for the long-term, what a difference it would make because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.
Your compounding rate, and how well you invest, matters!
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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.
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Transcript
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| 0:00.0 | Be wealthy and smart, episode 1,192. |
| 0:03.4 | I'm gonna live no rich life. |
| 0:07.4 | Rich life. |
| 0:08.4 | If y'all know what I mean, put your hands up and declare with me |
| 0:14.3 | Yeah, I'm full of time I'm gonna live a good life I'm gonna live the good life |
| 0:21.7 | and beautiful and glorious life. |
| 0:26.0 | Step into a world of wealth and financial freedom without budgets, boredom or bosses, on |
| 0:32.2 | be wealthy and smart and now here's your host |
| 0:36.5 | Linda P Jones |
| 0:38.6 | Welcome to be wealthy and smart. I'm Linda P Jones America's wealth mentor |
| 0:42.4 | Empowering women and Men Worldwide to Financial Freedom. |
| 0:45.2 | On today's show, we're going to talk about inflation being the lowest in two years and what that means for the stock market. |
| 0:53.0 | So recently the Consumer Price Index came in at 0.4% last month |
| 0:59.0 | which was pushed a little bit higher by rising shelter |
| 1:02.0 | and used vehicle and gas prices. But it was in line with |
| 1:05.3 | Wall Street expectations. That meant that on an annual basis the inflation |
| 1:09.6 | rate was 4.9%, which is a little bit less than the estimate and providing some good hope that the |
| 1:16.1 | trend is now going to be lower. |
| 1:19.1 | It actually was less than the 5% estimate and the lowest annual pace since April of 2021 and below the 5% rate in March. |
| 1:30.0 | So if this trend continues and inflation continues to get better, we're moving in the right |
| 1:35.6 | direction Wall Street will interpret that positively. |
| 1:39.6 | Quincy Crosby, chief global strategist at LPL Financial, said today's reports suggest that the |
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