4.6 • 1.1K Ratings
🗓️ 10 August 2022
⏱️ 33 minutes
🔗️ Recording | iTunes | RSS
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0:00.0 | Wall Street Unplug looks beyond the regular headlines, |
0:05.0 | heard on mainstream financial media to bring you unscripted interviews and breaking commentary |
0:10.0 | direct from Wall Street, right to you on Main Street. |
0:16.0 | It's gonna matter, it's August 10th. |
0:19.0 | Now Frank Curzio is the Wall Street Unplug podcast where I break down headlines and... |
0:27.0 | Tell you what's really moving these markets. |
0:30.0 | So we have interest rates down, the dollar down stocks surging. |
0:37.0 | Why? |
0:39.0 | Because we finally got a positive CPI reading, consumer price index. |
0:44.0 | That's the gauge, the Fed looks at, the world looks at to determine where inflation is going, |
0:49.0 | even though it's a BS gauge. |
0:50.0 | And we know that when we revise numerous times, we know that rental income continues. |
0:54.0 | I'll rents to you to go higher and higher that. |
0:56.0 | It counts with 30% of this index, however, finally, finally. |
1:01.0 | It showed positive signs that inflation is moderating, where it was 8.5% year over year. |
1:06.0 | That was less than 8.7 that was expected. |
1:08.0 | With the core, which strips out food and energy that came in flat under the 0.2% increase that was expected. |
1:15.0 | Again, that's year over year. |
1:17.0 | But more importantly, month over month, which with the Fed is really focusing on both CPI and core, |
1:24.0 | rose less than expected. |
1:27.0 | I'm going to throw some numbers figures at you. |
1:29.0 | I want you to pay attention. |
... |
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