35:34

EssentialDaily Briefing

Pressure on the Fed Rises as the CPI Hits a 40-year High

Featuring Thomas Thornton and Ash Bennington

February 10 at 9:00PM • 35 minutes

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Essential

Daily Briefing

Pressure on the Fed Rises as the CPI Hits a 40-year High

Inflation accelerated to 7.5% in January, the hottest reading since 1982.

Featuring Thomas Thornton and Ash Bennington

February 10 at 9:00PM • 35 minutes

The Bureau of Labor Statistics reported this morning that the Consumer Price Index for January 2022 was up 0.6% and 7.5% year over year. St. Louis Federal Reserve Bank President James Bullard said he’s become "dramatically" more hawkish in light of the hottest inflation in nearly 40 years. Bullard, a voting member of the Federal Open Market Committee, would now like to see a total of 100 basis points of rate hikes by July. In the aftermath of Bullard’s comments, federal funds futures are pricing in a 60% chance of a 50-basis-point hike in March. Rent has gone up nearly 30% in some cities, but the grass isn’t greener for would-be homeowners. U.S. mortgage rates have surged to a two-year high, with the average 30-year fixed rate up to 3.69% from 3.55% last week. Meanwhile, the European Commission has raised its inflation forecast for 2022 to 3.5% from 2.2% due to high energy prices stemming from geopolitical tensions in Eastern Europe. Thomas Thornton, founder of Hedge Fund Telemetry, joins Real Vision’s Ash Bennington to discuss today’s CPI report and what it means for the Federal Reserve, markets, and your portfolio. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3swruR5 Show More

Real Vision's Daily Briefing provides a macro context for the day's market action, Monday through Friday, live at 4:00 p.m. ET. Our hosts talk with traders, quants, investors, and analysts with skin in the game. These experts include Tony Greer, Katie Stockton, Jim Bianco, Jared Dillian, Thomas Thornton, and our own Raoul Pal. In just 30 minutes, you'll get the world's smartest analysis of global markets and the important macro trends driving them.

More Episodes

Real Vision's Daily Briefing provides a macro context for the day's market action, Monday through Friday, live at 4:00 p.m. ET. Our hosts talk with traders, quants, investors, and analysts with skin in the game. These experts include Tony Greer, Katie Stockton, Jim Bianco, Jared Dillian, Thomas Thornton, and our own Raoul Pal. In just 30 minutes, you'll get the world's smartest analysis of global markets and the important macro trends driving them.

More Episodes

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