“Not Looking Good” - Federal Reserve President Predicts ZERO Rate Cuts in 2024
HTML-код
- Опубликовано: 10 май 2024
- Kashkari, who projected two rate cuts for this year during the March Fed meeting, announced on Tuesday that he plans to predict anywhere from two to zero cuts for 2024 at the upcoming June meeting, depending on the latest inflation figures. Inflation, as indicated by the Fed's preferred measure, increased by 2.7% in March.
---
Watch Entire Episode: ruclips.net/user/livecMru43JANZI
Patrick Bet-David, Adam Sosnick, Tom Ellsworth & Vincent Oshana cover the biggest stories in politics, business, current events and more!
Purchase the new "Allegedly" t-shirt & a "Future Looks Bright" hat, get a FREE "Future Looks Bright" t-shirt and VT Pin: bit.ly/3US6cgp
Join "The Minnect League Championship" to win a night of dinner & cigars with Patrick Bet-David: bit.ly/4aMAar8
Connect one-on-one with the right expert for you on Minnect: bit.ly/3MC9IXE
Connect with Patrick Bet-David on Minnect: bit.ly/3OoiGIC
Connect with Adam Sosnick on Minnect: bit.ly/42mnnc4
Connect with Tom Ellsworth on Minnect: bit.ly/3UgJjmR
Connect with Vincent Oshana on Minnect: bit.ly/47TFCXq
Connect with Rob Garguilo on Minnect: bit.ly/426IG0R
Purchase Patrick's new book "Choose Your Enemies Wisely": bit.ly/41bTtGD
Register to win a Valuetainment Boss Set (valued at over $350): bit.ly/41PrSLW
Get best-in-class business advice with Bet-David Consulting: bit.ly/40oUafz
Visit VT.com for the latest news and insights from the world of politics, business and entertainment: bit.ly/472R3Mz
Visit Valuetainment University for the best courses online for entrepreneurs: bit.ly/47gKVA0
Text “PODCAST” to 310-340-1132 to get the latest updates in real-time!
Get PBD's Intro Song "Sweet Victory" by R-Mean: bit.ly/3T6HPdY
SUBSCRIBE TO:
@VALUETAINMENT
@vtsoscast
@ValuetainmentComedy
@bizdocpodcast
@theunusualsuspectspodcast
Want to be clear on your next 5 business moves? bit.ly/3Qzrj3m
Join the channel to get exclusive access to perks: bit.ly/3Q9rSQL
Download the podcasts on all your favorite platforms bit.ly/3sFAW4N
Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
We do not need rate cuts. These are normal rates . Never allow the prime rate to be below the Inflation rate.
Prices still need to re align with interest rates so the market balances out also.
Yes... I thought I heard PBD saying that it is actually a good sign (hence, a cut is a bad sign) for the economy. Yes, keeping rates high slows the economy, but a cut at this point would indicate something broken and needing fixing and re-start inflation.
@@mr.k8379 but the issue is something is broken. The system itself is broken. Raising or dropping interest rates it's both bad.
I'm moving to Ukraine and get some of that money back
If you're able bodied get ready to get conscripted.
Zelenski keeping it for himself
Bye!!! Good luck buddy
Good idea! Let’s look into buying property in Ukraine. That market is about to boom once Black Rock starts to rebuild.
Or fly to Mexico and crossing the border with free healthcare and monthly allowance with free hotel
Inflation is way higher than 4 percent.
Yup 30-40
That's 4% a quarter, 16 % a year
15% per year
30% every two years
Thats not what that number is!@@Fastapproaching
Yea they don’t tell the whole truth!
It’s 4% higher than last quarter but as stated before up almost 16% over the years
We the people lost the country decades ago, we're living in the shadow of our once great nation.
When I bought my house in the 90s my interest rate was 9.6 percent I paid 84000 for it my mortgage payment was 910 dollars my kids will never be able to own a home my house is now valued at 425000 that's crazy I guess their never moving out
The fact that at least 60% of the Americans were able to afford a single-family house in the period between 1950 - 2010
was an economic aberration (distortion against the economic laws). Sorry, this is sad, but this is what it is. I /my kids are in the same situation. But this is a new economic reality for the coming generation, may be for longer. We are going to be a society of renters, NOT the owners for the foreseeable future. After all - this is what Europe had always been about. And they never thought this is bad for them.
@@arney444rent/own it's all the same trap if you just go about it the same way as the rest of the lemmings do
The future, for now, will be prefab homes. Some of these homes are absolutely stunning and affordable for the next generation.
More important questions, do your kids respect you? Are they pain? Do you like having them around?
West is obsessed with property, independent or rather being alone in old age. Recalibrate toward happiness with family (assuming you all love each other and behave respectfully with each other)
Im squatting from this point on 😂
Double digit interest rates are must to save the $ from hyperinflation.
Because raising the interest rates didn't help cut inflation, the fed is now in a quandary... Cutting Rates would flood the economy with more Hot Money resulting in Hyperinflation. Only way out is Oversupply
I agree; I don't see a way out of this inflation other than a recession. I think we were due for one at the end of the 2010s. It seems that covid only delayed it.
@@marknouj exactly 💯
Only way out is to keep raising rates but that wouldn’t be good long term for the US govt
that just meant they need to raise it again. No soft landing.
They didn't raise rates high enough so we basically just suffered for nothing.
We need some public audits.
lol the audit wont due shit
My pension plan is to google poorest country on earth and buy a flight ticket
Before you do it, check the criminal rate in that country. You may find it similar to South Chicago. And you would be there a perfect target, as a rich American.
lmao, then that country is better than chicago cause I am rich there, in chicago im not rich+crime rate @@arney444
Haiti ? I’ve heard the bbq is beyond your wildest imagination.
Google is far left agenda. Find a centered search. ❤
@@Maxbfishing you're on Google right now lol.
How about we just cut the FED. That will help out a lot.
Indeed
IQ=0
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them
Exactly! My grandparents were so frugal but they had a TON of money on both sides. I remember my grandfather telling me "you want to make money while you sleep." And I guess that attitude passed down to my dad (RIP), because I remember going to his house one day and I had bought something I really liked, so I wanted to show it to him. So I said "Look at this!
Isn't it cute? It was on sale...I saved 50%!" My dad replied "Well, if you're spending, you're not saving." Obviously I had no retort, and that has always stuck with me.
Saving and investing wisely while prioritizing necessities and a few small luxuries in relation to one's total assets is a great approach. It helps ensure financial stability and I my for the enjoyment of life's little pleasures without compromising long-term financial goals. It's all about finding a balance that works for you!
very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $180K to $572K in a short period of time.
How do you do that? I'm interested
Thanks to my co-worker (Alex) who suggested
Ms Brenda Leigh Van.
Several economists have said the ONLY way out of this is an extremely painful period of probably 5-10 years of forced deflation likely by raising rates between 15-20%
The sooner the pain, the shorter the pain will last. Everything that is done by election day, is for short term political interests
That’s also cutting spending and entitlements and/or raising taxes
20% in February 2020
200% in May 2024
Paid 7.32 for an egg biscuit and small orange juice at Mc Ds this week. unbelievable. You raise interest rates to curb inflation, but the debt won't allow it. Look for hyperinflation/stagflation, the worst of all scenarios. It was a good ride America.
Use the app
welcome to argentina.
the orange juice at restaurants is usually very high for what you get. I recommend getting water next time (especially if it's free)
Lol who even believed that were going to even do one or six that was hyped earlier… the truth, they need to increase it!
FJB
Vote that turd out
Great info
If you thought there was going to be a rate cut any time soon means you are not very good at what you do.
Or trying to sway voters to vote Democrat.
At 1 trillion spent every 100 days, inflation is not declining any time soon. All by design.
Stocks have soared almost 10K on 'rate cut hopes' since Nov and they're still going up despite the fact that rate cuts aren't happening!
Because they keep pushing the narrative that we’re getting 1-2 cuts!
Classic pump and dump
Raising interest rates to decrease inflation is like stopping a runaway train with school buses full of kids…sure it will work but why not turn off the train engine, ie atop printing money 😂
That would require common sense which our government doesn't have!
Because that would get in the way of Biden’s chance of winning the election
They need to stop printing money
Kash Patel would be a great interview on your show..
That's the guy who said there's no to worry about cash, because the Fed has an infinite supply of money. 😅
It would be dumb to cut rates
I live in Amish country. I might need to convert
I don’t think they need to unless they want to get shelter costs down which I believe is the sticky part of the inflation.
Compounding inflation for 3 years makes it feel things are getting worse
I think we need actual deflation..... not just low inflation. we need to get back to 2019 prices on goods and services.
We won’t get rate cuts until that yield curve uninverts
And it won't uninvert until something breaks. What will break first? Employment, banks, war?
@@belowsealevel8663IMO banks break first and war starts after.
@@belowsealevel8663 commercial real estate is the monster hiding in the corner, they have to refinance every few years and they are royally screwed.
@@belowsealevel8663All at once ?
I will buy all the 10, 15, 20, 25, and 30 year treasuries for 1 dollar. Problem solved 😅
I can’t find anything about this leak, where is this information?
What are they talking about that there was a leak of CPI data? I searched for that and could not see any info on that recently....
Where did the CPI leak?
Where was cpi leaked?
The FED will screw up again. In my opinion they should have raised rates months ago because it is apparent that the present rates have not been restrictive enough.
Did it really level?
The only way we get cuts is if something breaks.
the only people expecting cuts are in finance media...
😂 who could have seen this coming?
Yeaaaa
He’s right
Inflation is 4 percent plus 4 percent plus 4 percent plus 4 percent plus 4 percent plus 4 percent plus 4 percent plus 4 percent plus 4 percent. Basically 36% in the last few years
6 cuts at the start of the year, then 2-3 cuts, now 1 cut (maybe?), I would not be surprised to see a rate increase is possible before the end of year
Coming very soon from the Fed, "Ahh 4% inflation ain't that bad, let's cut a few percent"
CPI leaked when? 😮
They're not federal or American.
Turn soft money into hard money + hard assets. Spend 50 hours researching what that means.
Win.
There was no way there ever was going to be rate cuts. Powell was not aggressive enough raising rates so everyone just adopted. Not a surprise except to those that were in lala land. I've called it since the beginning of the year no rates cut for 2024
lol rates are only going up
Getting ready to build a house. The mortgage rate is going to be 7.3%.
If I don't do it now. I probably will not be able to. I would not be surprised to see % rates hit 10 & above.
Well, fortunately there is a very little chance the interest rate would ever go above 5.5 - 6%. This is simple mathematics.
What CPI leak is he talking about?
Interest goes down houses prices go up? How much more could houses go up. also people comparing the 90 when interest was up the roof but mortgages where only 50k-100k. No comparison
Increase rates to 10% leave them there for fifty years . A four year hiccup will occur but money will begin to move into the economy as savers are rewarded making hard work finally pay off .
CPI leaked? Any evidence?
Duh!!!
well if inflation is that high why not beeing in stocks? yield products will just reduce your loss but wont stop it. I think people know that thats why the market is bullish. But feels like a bubble all the way up
Ultra low interest rates cause inflation. We have been in a low interest rate environment pretty much since 2008. Now we have inflation and everyone is shocked. The current interest rate isn't even that high historically speaking.
Exactly!! People just used to 0% rates
But I here more and more people talking about credit card debt
@@jamesandrew6153 The reality is. The media continues to spread fear and doubt. They know the average person is malleable. Easily influenced. I read comments all the time. The masses blindly follow these youtubers that say things for clickbait. People need to wake up and unplug from the matrix...smh
@@PeterParker-wj3crpeople don’t understand that inflation also causes asset inflation
@@jamesandrew6153 The masses might not understand the correlation. But the erudite do!
I would have raised rates to 20.5% in February 2020. Whenever congress passed any budget that required them to borrow any money. Then, raised rates 3.5% each and every time. If any congress person dare mentioned my name. I would raise rates another 1% each and every time.
They will cut in July and another in September because it’s an election year !
I dont know if thats true. if they cut in july- inflation readings in aug and september will jump to like 6%. there is no way they could see horrible inflation THEN decide that cutting another time is what the solution is
Not a chance. If Tom is right about that leak that is considerably higher than expected.
And there it's all but guaranteed that cpi goes up in May, June and July as well because the numbers from last year falling off are so low.
No chance they cut with 9-10 months in a row of increasing cpi data.
You need to make a video on how to make 6 figures monthly because I have read about investors making up to $650,000 within 5 months and I really want to know how to outperform the market and make a significant profit
This requires adequate research and good marketing deadlines.
I successfully trade in my own portfolio, and also follow others because I'm interested in their strategies. I realized I've got better at managing the trader's strategies too. There's nothing wrong at all with having someone far more dedicated manage some of your portfolio.
To be 100% honest with you. I had the same question 4 years ago. I was confused as heck. Now copying other traders for over 3 years, I would like to tell you, YES copy trading is a good approach. Just keep in mind that the success of copying another trader lies in their transparency. Make sure you know who you are dealing with before copying them. My two cents. Goodluck!
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Those segments with tom are the best. Thank you for your time and information.
Duh
rate cuts? keep dreaming. they will probably go up. everytime an omnibus bill is passed and more money is printed out of thin air, rates rise to finance the debt incurred. duh. i am not even very smart and i get it what on earth are you pple babbling about?
the media, mostly made up of people that are good at reading to a camera, is paid/bought by hedge firm money to promote a story, then other not so smart independent news doesnt know any better and runs it too. right now we're in operation "convince most money to go all in" thats exit liquidity, they need someone to sell to.
Hunter biden in china pocket😂😂last decade of hegemony power
American capitalists need government subsidies……
Mabe workers can start eating from dumpsters ……….
Government should just buy Bitcoin
Who knows , may be they own it.
This wont even be a podcast once trump is president.
This channel is produced by curmudgeons & viewed by curmudgeons😂😂
yet here you are😂😂😂😂😂
@mpconstructs6048 I love the entertainment of stupidity & enjoy butthurt commentary from Lemmings.
Good. Keep the interest rates high and let my cash get better interest
Sorry, don't want to disappoint you, but this does not actually work. If your money market account fetches you 5.25% , it simply means that the REAL inflation is at least 6.75% (normally, the money market lags the real inflation by 1.5% - 1.75%). Sorry, but this is a simple mathematics.
@@arney444 The CPI is under 4 percent. Where are you getting 6.75%? That sounds like a made up number. you do realize that if they drop interest rates then inflation get worse
@@nicholasmartinez6043 Nicholas, I would have to ask to do your research on how CPI is being calculated. This is a very manipulative and NOT an actual indicator. The CPI - as calculated - leaves out many real measurements of inflation. BTW, you don't need to take my word for it - you may find it in many professional articles. And you are a kind of DIY person - just add the cost of health care, education and food, all of which are EXCLUDED from CPI.
neel isn't Iranian -- he's Indian (Kashmir) -- a lot of Indian last names are of Persian origin (e.g., Punjab -- five-water) due to the influence of Mughals who used Persian as their official state language
en.wikipedia.org/wiki/Neel_Kashkari
Where is the cpi leak?