TOPICS AND TIMESTAMPS:
The Fall 0:00
Oil Sent Overseas 0:18
Biggest Impact on Poor 5:45
Fed Balance Sheet Shrinking 9:31
Ok, so hear me out: inflation that we’re seeing today is actually being made worse, and it’s hitting lower income people the hardest. Want to know why?
Here’s Where Car Payments Cost More Than Rent in the US - Bloomberg
https://www.bloomberg.com/news/articles/2022-07-06/here-s-where-car-payments-cost-more-than-rent-in-the-us?srnd=premium
Dollar continues dream run, little stands in its way
https://finance.yahoo.com/news/dollar-continues-dream-run-little-004030866.html
Fed’s Waller Backs 75 Basis-Point Interest Rate Hike, Dismisses Recession Fears - Bloomberg
https://www.bloomberg.com/news/articles/2022-07-07/fed-s-waller-backs-75-basis-point-hike-at-meeting-this-month?srnd=premium
Fed Hawks Back 75 Basis-Point July Hike, Still See Soft Landing
https://finance.yahoo.com/news/fed-waller-backs-75-basis-172823965.html
Oil from U.S. reserves sent overseas as gasoline prices stay high | Reuters
https://www.reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/
Copper’s Slide Signals Mounting Recession Concern - WSJ
https://www.wsj.com/articles/coppers-slide-signals-mounting-recession-concern-11657162793
US Recession Is Already Here, Wells Fargo Investment Institute Says - Bloomberg
https://www.bloomberg.com/news/articles/2022-07-07/us-recession-is-here-according-to-wells-fargo-investment-group?srnd=premium
Bloomberg - Bloomberg
https://www.bloomberg.com/
High Power Costs Force US Industrials, Factories to Shut - Bloomberg
https://www.bloomberg.com/news/articles/2022-07-07/high-power-costs-force-us-industrials-factories-to-shut?srnd=premium
Assets: Total Assets: Total Assets (Less Eliminations from Consolidation): Wednesday Level (WALCL) | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/WALCL
US Pandemic Checks Had No Lasting Impact on Poor, Study Shows - Bloomberg
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