The Battle Against Inflation is Far From Over

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 16 February 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

U.S. producer prices (PPI) rose 0.7% in January, calling into question the prevailing disinflation narrative for the second time this week. Maggie Lake is joined by Peter Boockvar, the CIO of Bleakly Advisory Group, to help break down all the latest inflation data and discuss the Fed’s chances at navigating any sort of soft landing. We’ll also hear from Andreas Steno Larsen on why it’s so important to pay attention to the NFIB price plan survey when it comes to pricing pressure. You can watch that full interview here: https://rvtv.io/3Itusiw Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey everyone, if you like this podcast, go behind the paywall to get privileged access
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0:19.0	Join the ReelVision community and learn how to become a better investor by now to the top
0:22.9	analysis of today's markets.
0:31.8	No landing, soft landing, or something more.
0:35.2	Hi everyone.
0:36.2	Welcome to the ReelVision deli briefing with me today is Peter Bookfar, the CIO of the
0:40.9	Bleakly Advisory Group.
0:42.5	Hi Peter.
0:43.5	Hi and I can hear you.
0:44.8	Good.
0:45.8	We stole that line right from your note because it is the question that everyone's asking.
0:49.4	I mean, this week's really been a wake up call.
0:51.5	So much of the data seems to be coming in above estimates or expectations, most worryingly
0:57.6	some of those inflation readings, including PPI today.
1:00.6	What do you make of all of this?
1:03.2	Well, it's mixed, a manufacturer is in a recession.
1:09.8	We saw that through January with both ISM and the S&P Global PMI for a few months now.
1:18.1	The February manufacturing data that we've gotten so far in New York and Philly, they're
1:22.4	well below zero.
	...

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