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Transcripts For CNN The Lead With Jake Tapper 20240707



morning and coming a week before the fed is set to meet again and showed while energy prices are declining and inflation seems to be easing a bit and inflation continues to accelerate. shelter, food, medical care costs and concerning. when the fed meets next week way plan to raise rates and this report all but guarantees to raise rates by another aggressive .75%. the reason the markets react this way because the greater the likelihood of a policy misstep, ie a recession. should we expect another sell-off tomorrow or could we see a rebound? we are in for volatility. we had that fed meeting next week which we expect to be active in the markets so until we re clear of this inflation we are likely in for some bumpy rides. i want to bring in katherine rampel. economists seem to think the worst of inflation is behind us but the report showed it is a problem. how do economists get this wrong? i think economists were mostly responding to the decline in gas prices which ....

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