Titanic Tragedy, Jerome Powell is Grilled & The Data Is Talking

<p>Fed Chairman Jerome Powell has affirmed that more interest rate increases are likely ahead until additional progress is made on bringing down inflation. Speaking a week after FOMC officials decided for the first time in more than a year not to push rates higher, the central bank leader indicated that the move likely was just a brief respite rather than an indication that the Fed is done hiking.</p><p>In this episode of The Higher Standard, Chris and Saied examine this news and determine the effect it will have on the economy as a whole.</p><p>They discuss a forecast by London-based research firm Capital Economics, indicating that US office buildings are unlikely to regain their peak pre-pandemic values until at least 2040 as demand for desk space weakens.</p><p>Chris and Saied look at a Labor Department report, stating that initial jobless claims held at 264,000 in the week ended June 17 after a slight upward revision to the previous week’s figures. This was above the median forecast of a survey of economists, who estimated 259,000 new claims.</p><p>They also offer some thoughts on data from&nbsp; S3 Partners LLC, showing that total US short interest, or the amount traders have spent betting against US equities, exceeded $1 trillion this month as the S&amp;P 500 Index extended its advance. The tally reached the highest since April 2022 before retreating slightly with stocks down for a third straight day.</p><p>Join Chris and Saied for this fascinating and informative conversation.</p><p>Enjoy!</p><p><strong>What You’ll Learn in this Show:</strong></p><ul><li>Why the FOMC has never explained the reasoning behind the four separate 75-point rate increases.</li><li>Why housing makes up the largest component of the COnsumer Price Index (CPI) report.</li><li>The definition of a bull market.</li><li>And so much more...</li></ul><br/><p><br></p><p>Resources:</p><p><a href="https://www.instagram.com/reel/CtzqgX_gxv4/?igshid=MzRlODBiNWFlZA==" rel="noopener noreferrer" target="_blank">"Senator Elizabeth Warren pressures