Why Adam Posen Thinks Inflation Will Surge Back to 4%
Episode publishedPodcast: Odd LotsOdd Lots
Transcript preview
Preview only
UKG. Their HR, pay, and workforce management tools help business leaders empower their people. Because when work works, everything works. Learn more at ukg.com/work. So, have you heard the story about the prescription plan with savings automatically built in? It's where a family of any size can feel confident the cost of their medication won't hold them back. Go to cmk.co/stories to learn how CVS Caremark helps members save just by being members. That's c m k dot c o slash s t o r I e s.
Support for the show comes from Public. Lately, it feels like there are two types of investing platforms. Some are traditional brokerages that haven't changed much in decades, and others feel less like investing and more like a gain. Public is positioned differently. It's an investing platform for people who are serious about building their wealth. On Public, you can build a portfolio of stocks, options, bonds, crypto without all the bugs or the confetti. Retirement accounts? Yep. High yield cash? Yes, again. They even have direct indexing. Public has modern design, powerful tools, and custome
Ad paid for by Public Holdings, brokered services by Public Investing member FINRA SIPC, advisory services by Public Advisors, SEC registered adviser, crypto services by zero hash. All investing involves risk of loss. See complete disclosures at public.com/disclosures.
Bloomberg Audio Studios, podcasts, radio, news.
Hello, and welcome to another episode of the Odd Lots podcast. I'm Joe Wiesenthal.
I'm Tracy Allaway.
Tracy, you know, future economy is always uncertain. Path of the path of inflation, path of employment, always big debates. I think what's really interesting right now compared to a few years ago maybe is, you know, at various times, it's like inflation is gonna come down, but there's a fight over how fast. Right? And now you have a situation which there are people who argue both sides. Some people is like, oh, no. We're on a you know, we're heading down the sort of Neil Kedda camp, etcetera. And others are like, look. We're reaccelerating. It's gonna get hot again, and we're recording this Fe
We are so back. So back. Well, that jobs report. I mean, it was a blowout numbers. Yeah. A 130,000 jobs added in January versus expectations for 65,000. And even if you drill down into it, like, it looks pretty good. Right? But you're absolutely right. So we used to argue about how far we would travel in one direction, you know, inflation. Yeah. Is it gonna be 4%? Is it gonna be 5%? Whatever. And now we're sort of arguing about which direction we're actually gonna go.
Totally. And I think if you just look like, okay, one jobs report can't take it with a grain of salt. There does seem to be a lot of evidence of some softening in the labor market by a lot of different measures, etcetera. Housing market continues to be fairly soft. On the other hand, look at various commodities. You know? Look at copper. Look at a bunch of other stuff. Look at trucking prices, freight picking back up, etcetera.
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.