U.S. markets open in 1 hour 48 minutes
  • S&P Futures

    4,279.75
    +3.00 (+0.07%)
     
  • Dow Futures

    33,986.00
    +23.00 (+0.07%)
     
  • Nasdaq Futures

    13,498.75
    +5.50 (+0.04%)
     
  • Russell 2000 Futures

    1,993.10
    +4.00 (+0.20%)
     
  • Crude Oil

    89.03
    +0.92 (+1.04%)
     
  • Gold

    1,784.90
    +8.20 (+0.46%)
     
  • Silver

    19.80
    +0.06 (+0.32%)
     
  • EUR/USD

    1.0190
    +0.0009 (+0.09%)
     
  • 10-Yr Bond

    2.8930
    0.0000 (0.00%)
     
  • Vix

    20.18
    +0.49 (+2.49%)
     
  • GBP/USD

    1.2074
    +0.0023 (+0.19%)
     
  • USD/JPY

    134.9000
    -0.1900 (-0.14%)
     
  • BTC-USD

    23,509.22
    -246.44 (-1.04%)
     
  • CMC Crypto 200

    559.12
    -13.69 (-2.39%)
     
  • FTSE 100

    7,516.21
    +0.46 (+0.01%)
     
  • Nikkei 225

    28,942.14
    -280.63 (-0.96%)
     

Let's Do Some Inflation Math

Jared Dillian tweeted it out: “It would take 8 months of 0.0% CPI readings to get CPI back to 5%.” And that was before the Commerce Department reported retail sales grew by a greater-than-expected 1% in June. President Joe Biden is in Saudi Arabia working on one angle of the inflation crisis, as investors re-priced the possibility of a 100-basis-point move when the Federal Open Market Committee meets later this month. Here’s something else Jared tweeted, yesterday: “Starting to think we put in bottoms in oil, gold, and stocks, and a top in the dollar at 10 am this morning.” The editor of The Daily Dirtnap joins Real Vision’s Ash Bennington to talk about those “bottoms” and how inflation and the Fed’s response to it is affecting the economy, markets, and expectations. We also hear from Anas Alhajji about short-term factors weighing on crude oil prices. Watch the full interview with Tony Greer and Anas Alhajji here: https://rvtv.io/3z9Rbvk.