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Real Vision: Finance & Investing

Is the U.S. Economy Starting to Roll Over?

Real Vision: Finance & Investing

Real Vision

Business, Business News, News, Investing

4.21K Ratings

🗓️ 10 May 2023

⏱️ 34 minutes

🧾️ Download transcript

Summary

Jesse Felder, the founder of Felder Investment Research, joins Maggie Lake to discuss the market's uncertain reaction to today's inflation data, why he’s taking a closer look at gold, and what he makes of the recent U.S. credit crunch. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:58.7

Is US economy rolling over? Hi, everyone. Welcome to the Real Vision Daily Briefing.

1:07.5

With me today is Jesse Feldler, founder of Felder Investment Research. Hi, Jesse, it's

1:12.9

nice to see you again. Hi, good to be back Maggie. Thanks.

1:16.5

So we had US consumer, we've been all been waiting for this inflation data for a while.

1:21.9

We had US consumer prices CPI index come in a little bit lower than expected, not by a lot,

1:27.0

but it seemed to be enough to send those treasury yields lower.

1:30.8

We saw US equities, they were a little mixed, but we did see a late push higher than

1:35.6

that stack up over 1% that they're just settling actually those prices. But what did you make of

1:40.8

the number and do you think this is a sign that we're going to start to see inflation continue to

1:45.3

moderate? I think probably it's going to continue to moderate. We have some tough

1:51.1

comparable year over year for about June, which will make that disciplinary trend probably

1:57.6

continue through that time period. I think it's more important to our the bigger picture

2:04.7

inflationary forces. I think people are still focused on these monthly readings when really

2:10.5

what going on is their demographic tail wins to inflation and longer term kind of structural

...

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