Former Dallas Fed President Richard Fisher reacts to April’s CPI report

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  • čas přidán 14. 05. 2024
  • Former Dallas Fed President Richard Fisher joins ‘Squawk Box’ to discuss April's CPI data, his expectations from the Fed, and more.

Komentáře • 63

  • @benjaming.2218
    @benjaming.2218 Před 20 dny +16

    “70% of market is driven by algo’s”…finally an honest response to the daily stupid questions by the anchors about daily meaningless price action! I like this guy!

  • @joshuaburns3167
    @joshuaburns3167 Před 20 dny +10

    They rush for deflation but when it's inflation they take their time

  • @krishsharma2556
    @krishsharma2556 Před 20 dny +19

    He is the most logical person on CNBC

  • @caliboy2498
    @caliboy2498 Před 20 dny +9

    These CPI numbers are highly suspicious. Prices of everything from needle to plane r skyrocketing. In CA hard to get home insurance n auto insurance r up 50% to 80% without any tickets stuff

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  • @Nurii07
    @Nurii07 Před 20 dny +2

    Thanks for the update!😊

  • @DBS417-cq5di
    @DBS417-cq5di Před 20 dny +6

    The main issue is housing costs, without it inflation is 2.8% , Europe doesn’t count housing

    • @prolific1518
      @prolific1518 Před 20 dny +5

      Yea ignore the most expensive thing people have to pay for to survive

    • @peterdangelo5882
      @peterdangelo5882 Před 20 dny +2

      @@prolific1518 Correct its a joke. Use the 70s measure, inflation is worse than they are letting on.

    • @ssuwandi3240
      @ssuwandi3240 Před 20 dny

      The Fed has started to run off mortgage backed security sitting in the balance sheet, which means the market supply vs demand will determine the rental rates in conjunction with over or under occupancy.

    • @jakedoe1054
      @jakedoe1054 Před 20 dny

      Yea if we stop counting things that make us look bad we can trick more people into thinking we doing good. If we stop counting all those jobless people our unemployment would be 0%.

    • @pedro72246
      @pedro72246 Před 19 dny +1

      Europeans don't need housing?

  • @jakedoe1054
    @jakedoe1054 Před 20 dny +3

    You want less of something tax it (payroll). You want more of something incentivise it (laziness).
    One of my employees doesnt want a raise because she will lose more in government assistance than the raise and new position.

  • @Dmindthinker011
    @Dmindthinker011 Před 20 dny +5

    At least he sounds rational

    • @method341
      @method341 Před 20 dny

      too bad the markets don't behave rationally.

    • @niklas4031
      @niklas4031 Před 20 dny

      @@method341 Never did never will if you can just print money and give markets liquidity

  • @meehanasap
    @meehanasap Před 20 dny +2

    The idea that comentators suggest that Americans should tolerate more inflation, you should be worried.

  • @faizanhaque2070
    @faizanhaque2070 Před 19 dny

    He didn’t answer the last question. I know he heard it “if 2% is the goal, and we aren’t there then why cut?”

  • @jamesklaatu9359
    @jamesklaatu9359 Před 20 dny +5

    Still rising just as fast.............................

    • @harrychu650
      @harrychu650 Před 20 dny +1

      Look what is rising the most. Auto insurance and tolls. How will higher rates change that?

  • @BrianDarcy8313
    @BrianDarcy8313 Před 19 dny +1

    think'n we might have an opportunity here to beat up on the Euro a tad bit...

  • @user-yq7rr9lh9c
    @user-yq7rr9lh9c Před 19 dny +1

    He just said nobody knows what FED policy will be and then he tries to predict the future LOL

  • @harrychu650
    @harrychu650 Před 20 dny

    Please have these "experts" explain to us how higher rates will bring down double-digit inflation for Auto Insurance and Tolls which are largely controlled by crony fiscal policy?
    We must vote accordingly.

  • @chrisginoc
    @chrisginoc Před 19 dny

    Higher for longer. It took this long to get to 3.6% on CPI. Sorry to burst anyone’s bubble but it will take another 12-18 months to get and stay under 2%.

    • @inertiaforce7846
      @inertiaforce7846 Před 19 dny

      I suspect the CPI will not go down unless interest rates go higher.

    • @chrisginoc
      @chrisginoc Před 19 dny

      @@inertiaforce7846 The problem is if you look at the data, the Fed cannot push inflation down with higher rates. It’s a blunt tool. Insurance inflation? Shelter (rent) inflation? Nothing to do with the FED funds rate going higher, but will just cause more pain without fixing the problem. My home insurance doubled from 2023 to 2024 with no claims and I don’t even live close to a fire zone or any danger areas. How will the FED hiking rates help with that?

    • @inertiaforce7846
      @inertiaforce7846 Před 19 dny

      @@chrisginoc My insurance went up a significant amount also with no claims made and no increase to my insurance risk. Remember that inflation is just the general cost of goods and services, it's not specific to one type of good or service like insurance. It's taking an average of all goods and services supposedly. If interest rates go higher, it makes cash savings become more valuable compared to other forms of investment, and it raises the payments on existing debt and new debt. When payments go up for debtors, they don't have as much money to spend. When cash savings produces a higher return, there's less reason to take risks with investing since cash savings can beat inflation. The above reasons slow spending and therefore slow price increases. This is the theory at least.

  • @dht084
    @dht084 Před 20 dny +4

    You need to talk to an actual consumer who works, skippy.

    • @jeremy6528
      @jeremy6528 Před 20 dny +1

      We do. You spend. That’s why prices are pretty stagnant. 🤷🏾

  • @rickhayes-oh2zm
    @rickhayes-oh2zm Před 20 dny +1

    Slime

  • @Relaxlifeisshort2
    @Relaxlifeisshort2 Před 20 dny

    Funny if it was higher you would be freakimg out 😊

  • @2023gainer
    @2023gainer Před 20 dny +1

    The EV sector springing forward in May. FSRN... Fisker. Added 3 new Dealerships...IDEX.. Ideanomics... Rivian...Nio...Xos Trucks.. Archer Evtol Jets and more. Filling the Dips.?

  • @headspaceandtiming2114
    @headspaceandtiming2114 Před 20 dny +3

    Inflation. If it’s going up, it’s not going down. When he made a rate cut prediction, he lost all credibility.

  • @PublicEn3my1
    @PublicEn3my1 Před 20 dny

    Lmao they said we would get 3 rate cuts this year well folks half the year is just about over and not even 1 yet

  • @Nikodemis
    @Nikodemis Před 20 dny +2

    Inflation will "hold steady" until November

  • @123ravi94
    @123ravi94 Před 20 dny

    Markets will fall

  • @123ravi94
    @123ravi94 Před 20 dny

    Markets will fall again

  • @prolific1518
    @prolific1518 Před 20 dny +5

    Absolutely nothing good about the last 2 days inflation data. Market keeps pricing in cuts that wont happen and the plunge protection team will not allow any selloff to take hold.

  • @podangadubukus
    @podangadubukus Před 20 dny

    Why do you come on TV , if you dint have an opinion

  • @PeterParker-gt3xl
    @PeterParker-gt3xl Před 18 dny

    The admin will try to window dress the economy b 4 the election; the almost surest strategy is inside knowledge; politicians try hard to protect this privilege.

  • @jaygold4467
    @jaygold4467 Před 20 dny +1

    2% inflation target is completely ridiculous. 3-4% inflation is the new normal for a healthy economy. Get over it.

    • @krishsharma2556
      @krishsharma2556 Před 20 dny +2

      lol not when the US Dollar is the worlds reserve currency… the more stable it is the more desirable it is…

    • @benjaming.2218
      @benjaming.2218 Před 20 dny

      3-4 is too high for a healthy economy. 2% is a better target.🎯 High interest rates will eventually slow the economy and reduce inflation. There is a lagging effect, which you’ll see go into effect next year.

  • @marcus7037
    @marcus7037 Před 20 dny +2

    Fake numbers.. again.

  • @HermannTheGreat
    @HermannTheGreat Před 19 dny

    Go back to bed grandpa

  • @dontdoitbro5495
    @dontdoitbro5495 Před 20 dny

    This guy is not an insider or he is told to stay hawkish. Makes no sense what he is saying

  • @Mike-us1wr
    @Mike-us1wr Před 19 dny

    2% is the target when economy grows within similar range. If economy will grow faster in the coming decades, the target of inflations has to be adjusted accordingly.