Why America’s Inflation Problem Isn’t Going Away
Summary
Host Ed Elson discusses a mixed inflation report with Moody’s Mark Zandi, noting that while CPI cooled to 3.5%, rising oil prices from renewed Iran tensions threaten future stability. Zandi predicts sticky inflation and a soft labor market may keep Fed rates unchanged. Later, HSBC’s Saul Martinez analyzes Wall Street banks’ record earnings, driven by a resurgence in deal-making, trading, and AI infrastructure financing.
Topics discussed
Sponsorships and show introduction
Market vitals: Inflation, oil, and IBM earnings
Inflation analysis with Mark Zandi: Oil and sticky prices
Labor market weakness and global inflation comparisons
Fed Chair Kevin Warsh's hawkish stance and rate outlook
Sponsorships and break
Wall Street banks report record earnings
Drivers of bank profits: IPOs, M&A, and AI buildout
Risks to banks and AI's impact on workforce
Host's closing thoughts on inflation and Iran war
Closing sponsorships
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