News: New CPI Number Out Tomorrow - Here's What To Expect
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 14 December 2022
⏱️ 16 minutes
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| 0:00.0 | Hello, fellow rebel capitalists, hope you're well. |
| 0:02.6 | So big news, the CPI number is out tomorrow. |
| 0:08.5 | Today's Monday, it's coming out on Tuesday. |
| 0:11.3 | Let's go over what market expectations are, the number, and then make sure you're |
| 0:17.3 | sitting down because I'm going to go over a chart that is completely unexpected that nobody is talking about and I think is going to completely |
| 0:27.8 | blow your mind. And it's regarding the CPI and the Fed potentially raising interest rates up from 3.75 to 4.25, maybe even higher in 2023. |
| 0:41.5 | So you're going to want to put your thinking cap on for this one. But first let's start by going to zero hedge and they've got an outline summarizing what market expectations are for tomorrow. Key events in the last full week of the year. |
| 0:55.8 | This is the last full week of the year? |
| 0:57.8 | Okay, boy, it tells you how out of touch I am. |
| 1:01.3 | I didn't even realize, I barely even realize it to the holidays. |
| 1:05.6 | All eyes on CPI and the Fed. So they're talking about the CPI number tomorrow and then the |
| 1:11.0 | Fed coming out, so I believe Monday or Thursday, |
| 1:14.0 | excuse me, Wednesday or Thursday |
| 1:15.1 | and announcing their interest rate hike |
| 1:18.2 | and is it going to be 50 or 75, most likely 50? |
| 1:21.3 | So let's see, let's cut down here given the very close proximity to the |
| 1:26.3 | FOMC it clearly has the ability to change the tone of the message okay oh I see they're talking about the |
| 1:32.1 | ECB the statement and the dot plots but this highly unlikely to change the |
| 1:36.8 | headline 50 basis point hike so they're talking about from the Fed on |
| 1:40.6 | Wednesday or Thursday and D.B. I believe Deutsche Bank economists expect a softer |
| 1:47.0 | print than the consensus 0.21, rounded on headline, |
| 1:53.0 | okay, blah, blah, blah, blah, bottom line here. |
... |
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