Closing Bell Overtime: Warning Shot for the Bulls? 9/14/22
Closing Bell
00:00
The CPI Number Is a Game Changer
The idea that inflation is going to magically come down without the economy suffering significantly was somewhat put to rest yesterday. In order to get inflation down and really squash inflation like Powell's talking about you have to unfortunately hurt the economy. The markets are pricing in that the Fed goes to 4.3 percent Fed funds rate, which will lead to lower multiples a much weaker economy and ultimately weaker earnings.
Play episode from 01:34
Transcript
