About this episode

The episode discusses the current inflation landscape and its implications for the bond market and consumer spending.

RenMac breaks down a July inflation picture that isn't cooperating (softer CPI, firmer PPI, and core PCE annualizing near 2.5%), and why the bond market is under-pricing the risk of a September hike. The team also discusses slowing consumer spending after a weak retail sales print, a tape where the trend holds in the face of the momentum unwind and the Leopold rebound, the Credit Card Competition Act's path onto the Clarity Act, AOC's rise in the betting markets, and the week ahead in Fed minutes.

People in this episode

Hosts: Jeff deGraaf, Neil Dutta, Stephen Pavlick

Topics covered

• inflation analysis
• bond market
• consumer spending
• retail sales
• Federal Reserve
• economic trends

Keywords

• inflation
• CPI
• PPI
• core PCE
• consumer spending
• retail sales
• Federal Reserve
• Credit Card Competition Act
• AOC

Mentioned in this episode

Organizations: Credit Card Competition Act, Clarity Act

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