Page 40 - Mark Sandy News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We are going to have to get this inflation down and it's not going to be easy. so recession, no recession, you know, hard to know. but one thing we know is it's going to be a difficult year ahead. >> all right. mark sandy, thank you some for the warning. appreciate trjts sure thing. all right. talk about reaching new heights. an 8-year-old just became the youngest person ever to reach the 3,000-foot summit of el capitan. now he and his dad celebrate the victory next. with merrill. moving his money into his investment accouount in real time and that's... how you collect coins. your money neve...

That's why you have fuhrman and summers making that comment. various estimates to the extent to which it lowers inflation. we have seen estimates that take inflation down, i think if you look at the work, it takes inflation down by about a third of a point. >> sandra: surely the white house has done their own estimate. the president has been selling this. what are you advising the president? >> it's most important that we have outside people who are doing this work with no thumb on the scale, so we have had mark sandy, pretty renowned, come out with the inflation results i just mentioned and f...

On quite a bit of wealth right there. if you're lacking for a home, home prices are still elevated and by the way, costs are going up on a more worrisome side in terms of rates. this is. happening, of course, as the fed is trying to lower rates. and also worrisome, sentiment, what we just saw in that pool. >> brutal. >> exactly what you just pointed out, john. sentiment is an all-time low. we saw a slight pickup from the university of michigan report but pretty much all-time lows. and of course, the bell of the ball for the worrisome side is inflation. this is sort of what we're dealing with. ...

Plays out and what that does to oil prices, which obviously is key to the runup in gasoline and diesel prices here. it's hard to know if we're at the end of that but we're closer to the end than the beginning. i think as we look towards the end of the year to this time next we're, i would expect at worse oil prices leveling off and supply chains easing and inflationary pressures e baiting. i've said it before and i've been wrong we saw the peak, i thought that was back in march. so i say this with lots of trepidation but i think we're close to a peak and we'll see better inflation numbers down...

Your money never stops working for you with merrill, a bank of america company. in case you needed another sign of how much more you're paying at every turn, inflation hit 8.6% for the 12 months ending in may. so if you haven't gotten a raise of 8.6%, you can do the math. add to it the average price of gas hit $5 a gallon. let's talk to the chief economist at moody's analytics. mark, thank you so much. food has risen 10%. energy has risen almost 35%. how much worse is this going to get? have we plateaued maybe and perhaps relief is in sight? >> jim, yeah, i think so. a lot depends on the rus...