Kitco NEWS | Government Spending and Fed Policy: ‘An Unsustainable Path’ - David Nelson @kitco | Uploaded June 2024 | Updated October 2024, 8 hours ago.
Jeremy Szafron, Anchor at Kitco News, interviews David Nelson, CFA CMT, and Chief Strategist at Belpointe, where an in-depth analysis of the May jobs report is given highlighting significant discrepancies between ADP and BLS data and what these differences mean for the labor market. Nelson explores the impact of higher interest rates on inflation, arguing that the Federal Reserve may need to cut rates to address persistent inflation effectively. Nelson also examines how substantial government spending is undermining the Fed's efforts to control inflation, leading to what he describes as an "unsustainable path."
Follow Jeremy Szafron on X: @JeremySzafron (twitter.com/JeremySzafron)
Follow Kitco News on Twitter: @KitcoNewsNOW (twitter.com/KitcoNewsNOW)
Follow David Nelson on Twitter: @davidnelsoncfa (twitter.com/davidnelsoncfa)
0:00 - Introduction and Job Report Overview
1:30 - Discrepancies in Job Data
3:00 - Labor Market Strength and Challenges
4:30 - Impact of Higher Interest Rates
6:00 - Case for Rate Cuts
7:30 - Shelter Inflation Issues
9:00 - Government Spending Effects
10:30 - Fed's Monetary Policy Challenges
12:00 - Unsustainable Economic Path
13:30 - Conclusion
#Economy #FedPolicy #Inflation #GovernmentSpending #JobMarket #InterestRates #FinancialNews #EconomicAnalysis #MarketTrends #KitcoNews #DavidNelson #MonetaryPolicy #RateCuts #ShelterInflation #EconomicOutlook #Finance #Investment #MacroEconomics #StockMarket #FiscalPolicy #useconomy #thefed #interestrates
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Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
Jeremy Szafron, Anchor at Kitco News, interviews David Nelson, CFA CMT, and Chief Strategist at Belpointe, where an in-depth analysis of the May jobs report is given highlighting significant discrepancies between ADP and BLS data and what these differences mean for the labor market. Nelson explores the impact of higher interest rates on inflation, arguing that the Federal Reserve may need to cut rates to address persistent inflation effectively. Nelson also examines how substantial government spending is undermining the Fed's efforts to control inflation, leading to what he describes as an "unsustainable path."
Follow Jeremy Szafron on X: @JeremySzafron (twitter.com/JeremySzafron)
Follow Kitco News on Twitter: @KitcoNewsNOW (twitter.com/KitcoNewsNOW)
Follow David Nelson on Twitter: @davidnelsoncfa (twitter.com/davidnelsoncfa)
0:00 - Introduction and Job Report Overview
1:30 - Discrepancies in Job Data
3:00 - Labor Market Strength and Challenges
4:30 - Impact of Higher Interest Rates
6:00 - Case for Rate Cuts
7:30 - Shelter Inflation Issues
9:00 - Government Spending Effects
10:30 - Fed's Monetary Policy Challenges
12:00 - Unsustainable Economic Path
13:30 - Conclusion
#Economy #FedPolicy #Inflation #GovernmentSpending #JobMarket #InterestRates #FinancialNews #EconomicAnalysis #MarketTrends #KitcoNews #DavidNelson #MonetaryPolicy #RateCuts #ShelterInflation #EconomicOutlook #Finance #Investment #MacroEconomics #StockMarket #FiscalPolicy #useconomy #thefed #interestrates
__________________________________________________________________
Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.
SUBSCRIBE to our channel to stay up to date on the latest market and industry news.
For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at kitco.com
To get market updates on the go, download the Kitco Gold Live! APP - applications.kitco.com
Stay connected:
Twitter - twitter.com/kitconewsnow
Instagram - instagram.com/kitconews
Facebook - facebook.com/KitcoNews
LinkedIn - linkedin.com/company/kitconews
StockTwits - stocktwits.com/kitconews
Live gold price and chart: kitco.com/gold-price-today-usa
Live silver price and chart: kitco.com/Silver-price-today-USA
Live crypto market data: kitco.com/price/crypto
Learn more about Kitco News: kitco.com/news/about
For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: kitco.com/advertising
Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
