PODCASTS
In this episode of Markets with Megan, we break down the latest inflation report. Discover how the Consumer Price Index impacts your everyday purchases and understand the surge in Energy prices that affected the headline number. Megan analyzes the core inflation levels and the concerning 4.1% year-over-year price growth. Megan discusses crucial data on housing and super core inflation, focusing on the market's reaction and interest rate movements. Stay informed on potential Fed rate hikes and their impact on equities. For more insights and market updates, subscribe and tune in to our next segment of Markets with Megan. If you have any questions or comments, reach out to us at podcast at Verdence.com.
hello this is Megan Horneman the chief investment officer for Verdence Capital Advisors coming to you today with our regular segment of Markets with Megan and we want to talk about the inflation report that came out this morning which measures the um price increases for the Consumer Price Index so this is what consumers see um when they go um into the the stores uh unfortunately the cord or the headline number came a little bit higher than expected now this was completely due to the increase we've seen in Energy prices the core level came in about as expected um but we're still seeing at the core level prices growing 4.1% on a year-over-year basis so we're still well above what the Federal Reserve wants to see when we dig in deeper to the report the reason why the Market's selling off a bit today and interest rates are moving higher is because some of those sticky inflation numbers that the FED looks at housing we saw owners equivalent rent jump 6% um this month when you look at the super core which is takes basically the service prices and excludes that shelter number that was up a 610 as well and that was the most we've seen in a year so interest rates are higher on this um the fed's not going to necessarily like this report we still still think there's another rate hike um for the FED before the end of this year whether it's in November or December the timing of it isn't necessarily the main concern the main concern is that uh that we do think there's another rate hike equities are still a little bit too stretched with this expectation so you're seeing equities sell off a little bit today and interest rates move higher we'll keep monitoring the data and be back to you again for our next segment of markets with Megan if you have any questions or comments please feel free to reach out to podcast at Verdence dot com
