Analyzing Persistent Core Inflation Report | Episode 127 | 04-26-2024

Discover the economic ripples that follow when core inflation metrics stubbornly defy expectations. Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, critically analyzes the latest persistently high core PCE inflation reading, revealing a challenging landscape for the Federal Reserve and the broader economy. With a 2.8% increase clashing with anticipated figures and personal spending outstripping income growth, Megan dissects the precarious balance between consumer behavior and the potential for future interest rate hikes.
With the savings rate slipping to a disquieting 3.2%, Megan discusses the impact of elevated energy prices on inflation and market volatility. As spending trends towards non-durable goods, we consider the implications for fiscal policy and the stock market's tepid response. Join us as we unpack the complexities of economic indicators with Megan's guidance and prepare for our next episode, where we discuss the effects of the upcoming quarterly treasury refunding announcement.
https://youtu.be/SMb2NV2BAqs

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