August 28th, 2020
The key points discussed in the video transcript are as follows:
- The UN food agriculture world food price remains elevated even after a correction, indicating a slow rate of change and potential flatlining.
- The three-month annualized change in core CPI in the US is still high relative to history, indicating underlying issues for consumers.
- The FED's Dot Plot shows an expectation of a 50 basis point increase in fed funds rate, suggesting rates will be well over five percent by the end of 2023.
- The RRP balance is coming down, but there is still a significant amount of liquidity on the sidelines, which may impact the FED's decision to cut rates.
- Banks are tightening standards for commercial real estate loans, leading to a decrease in demand.
- Default rates for US junk loans are increasing, indicating potential acceleration in the future.
- The FED wants to keep rates higher for longer to bring down asset prices and protect against inflation spikes.
- Economists predict the FED will hold rates at five to five point two percent in 2023, with a potential pause in June and cuts starting in 2024.
#foodprices #inflation #CPI #FED #interestrates #liquidity #commercialrealestate #junkloans #economy #assetprices #inflationprotection
To see all videos click here: https://primaryvision.co/videos/
From Fracking activity and Fracking market trends to Oil and Gas News, Hydraulic Fracturing and Frac Spread Count, we bring you shows covering:
EIA (typically Wednesdays) – Senior Analyst Mark Rossano covers imports, exports and refined product data from the EIA on a weekly basis.
Economy (typically Thursdays) – Senior Analyst Mark Rossano helps produce a five-video series pulling a variety of data points to monitor the health of the economy. Nothing is left uncovered in this deep dive weekly narrative that covers everything from inflation, supply chain metrics to covid-19 lockdowns, geopolitics and so much more!
*Premium Subscribers only* – Frac Spread Count – Primary Vision releases its Frac Spread Count data and video on Friday afternoons. The number that tracks the weekly number of active pressure pumpers in the United States. Contact us to learn more.
Please subscribe so you keep current!
