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Prices, the monetary aggregates are interesting to me and wanted to discontinue publicly because they are not that great an indicator. does unemployment go high enough, wage inflation starts to go down and gives firms room for the big price increase. paul: are you surprised by the resilience of the economy? the increase in unemployment that people are predicting. it is pretty buoyant these days. i think my negative outlook you and i have talked about, is about to come true, one of the things i look for that s a great leading indicator, is the warren act. i encourage you to run the charge. if you are an employer with 100 people you give two months ....
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On with a little time to talk about the state of the economy, there s a lot of sign of softening but as you remember from the 70s just because the economy is getting soft it doesn t mean inflation has to go on. the last meeting or the previous meeting of the fed people fought it was going to start to help us with inflation so let s signal a pause because we don t want people to panic, initial claim starting to jump. softening isn t that bad. inflation numbers worse than they expected and they gave us a pause it and it is egg in their face to have done it. john taylor has an estimate what the interest rate needs to be to get inflation back to target and the federal funds rate needs to be around 7 right now if you want to make progress against inflation. they are way low and they are going to stay low which means inflation will stay 0.4 or 0.5 running forward and we won t make any progress at all. ....
Hello, i m ana cabrera in new york. thanks for being with us. today one of the most encouraging economic signals we ve seen in months, the final inflation report of the year arrived and it is the coolest inflation report of the year. why this could mean real relief just in time for the holiday shopping season. and happening right now, blizzards, tornadoes, whiteouts already leading destruction as 40 million people across the u.s. are still under threat of severe weather. we re tracking the major storms, plus it s being described as worse than enron, this morning the one-time darling of the crypto world who was able to woo superstars hit with doj and s.e.c. charges for an alleged scheme that wiped out billions. let s start with the good economic news. inflation cooling more than expected last month. the consumer price index rose 7.1% year to year. now, that is the lowest that number has been since last december. keep in mind this doesn t mean inflation is gone, it means ....
president biden touting his strong jobs number but doesn t mean inflation will be with us longer. what about the president s claim regarding wage increase? larry kudlow to break it all down for you this afternoon. the chinese government using tiktok to influence the election. michael what s a steamed about that and he is here. kellyanne conway with biden to shake up the primary schedule. katie pavlich on the georgia runoff and soccer extraordinaire brian kilmeade. john roberts and jacqui heinrich to join us with american reports. we will see you then. harris: i have some famous friends, too. ....