Inflationary Pressures Persist as Signs of a Slowdown Add Up

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 3 June 2022

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

OPEC and allies agreed to move forward production increases scheduled for September, but global energy supply problems continue to undermine the Federal Reserve’s efforts to fight inflation in the U.S. That’s to say nothing of rising pressure on global food supply and production. Meanwhile, ahead of Friday’s official report on the employment situation for May from the Bureau of Labor Statistics ADP reported private payrolls increased by just 128,000 last month. That’s the smallest gain of the pandemic-era recovery. Harry Melandri, advisor for Macro Intelligence 2 Partners, joins Real Vision’s Maggie Lake to talk about inflation, growth, and markets. And we hear from Neal Berger about why the Fed should just get it over with and hike by 100 basis points in a single move. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3M64iAY. Watch the full conversation featuring Neal Berger and Ash Bennington here: https://rvtv.io/3NRmrDM. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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1:11.1	your first year. Enjoy the show!
1:13.8	Hi there everyone, welcome to the ReelVision Daily Briefing. It's
1:25.4	Thursday June 2nd, 2022. I'm Maggie Lake, here with Harry Mulantry, advisor to M.I.2.
1:32.6	Hi there, Harry.
1:33.6	Hi Maggie, how are you?
1:34.9	I'm doing okay. Listen, I'm camping out at the ReelVision Studio today. I'm not in
1:38.8	my usual spot, so who knows what's going to happen, but it's great to finally get back
1:42.6	in the office. I think some people are kind of creeping back in.
1:45.4	I have no idea what getting back in the office would involve.
1:48.4	I know.
1:49.4	I might have to put my pants off.
1:52.4	No taxes in New York, but we've got here. Let's talk a little bit about what's happening
	...

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