Inflation is going in the wrong direction, adviser says

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Recent economic data, such as Tuesday's hotter-than-expected Producer Price Index (PPI) reading, suggest inflation is not moving as swiftly as hoped toward the Federal Reserve's 2% target.
Verdence Capital Advisors Chief Investment Officer Megan Horneman joins The Morning Brief to give insight into how the markets are moving and why the Fed will need to adopt a more hawkish tone to rectify the current inflationary trend.
Horneman explains that beyond the recent PPI report, there have been other economic warning signs: "This isn't the only report that has warned us that inflation is not going in the right direction. You can look at the ISM Manufacturing Report. You can look at the ISM Services Report. All of these things are showing that inflation and prices are trending higher again. The market's completely complacent to this. The Federal Reserve is complacent to this. And we need to get some more hawkish rhetoric or we're going to continue to see inflation pressures go higher."
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Опубликовано:

13 май 2024

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Комментарии : 20

@zaamrod50 25 дней назад

This lady is just absolutely jealous that she didn’t get in while the getting was good

@invisiblesun6595 24 дня назад

Raise them higher!

@devinwynn1299 24 дня назад

Took a risk having that interview before inflation print and it backfired

@joshh205 25 дней назад

The market will go where the fed lets it go.

@normanoro206 25 дней назад

This was a really good interview with Megan Horneman. Inflation, of course, lately hasn't been going where the Fed would like it to go; however, I think Jerome Powell knew it wouldn't be smooth sailing to the Fed's 2% target (as evidenced by the higher-for-longer policy the Fed adopted with respect to interest rates). As for rate cuts this year, I think forecasting even one at this point is a pretty gutsy move. It's just a guess, but I think the market took the Fed's earlier talk of potential rate cuts and really ran with it (probably too much). As Megan Horneman alludes to, market conditions are now looser than they should be and the possible return of meme stock fever only heightens the perception that's fueling this. To the extent that people feel wealthier because of how the market is going (and behave accordingly), reaching the Fed's target will only grow more difficult. I'd tend to agree that some hawkish rhetoric from Chairman Powell is called for; however, it's a balancing act. Other metrics (eg, credit card delinquencies) are pointing to a slowing economy; and I think it'll require a delicate touch to avoid taking too hawkish a tone and tipping the economy into recession.

@DJDinnerPlaTe 25 дней назад

Holding cash all year lmao ouch. This is why you don’t try and time the market

@nickvin7447 25 дней назад

If you held cash this year you made a guaranteed 5%, that's why you don't follow everyone else off a cliff.

@megadeth99wtd 25 дней назад

Hedge funds didn't get smarter You're doing the same stuff they've always done

@eugenedolphin8163 25 дней назад

hold on. you're saying perhaps meme stock rally is indicative of less tight financial conditions than indicated, but your implied thesis was that higher rate cuts would affect the megacap growth stocks and that's why you took profits earlier in the year.... so like you should probably admit that your wrong than and cash on sidelines is/was the wrong move? lol

@carlosjaimes4141 25 дней назад

That ink well just needs to dry up to fix inflation, meme stocks have pros and cons for retailers just like everything else

@rajgupta3802 25 дней назад

UTILITIES ARE GOING HIGHER MEAN REAL INFLATION IS GOING DOWN.....NO SENSE

@ColbsterzSnowboarder 25 дней назад

Lmao. This lady is bitter about somrthing. 😅😅😅😅😅😅 She's just mad that she is all cash 😂😂😂😂

@quandingleberry445 25 дней назад

RATE HIKES!!!

@B_knows_A_R_D-xh5lo 24 дня назад

Sell Game stop

@ontopofmygame 25 дней назад

It means rasing rates was a mistake, because it's not working. Now they just don't know what to do . I hope they won't do dumb stuff! Like raising rates again.