Inflation Stays Tame With U.S. Core Consumer Prices Unchanged

The video discusses the current state of the economy, highlighting issues with trade and imports. It analyzes recent CPI data, noting a flat core rate and a significant rise in gasoline prices. The transcript explains how past deflationary trends are affecting current inflation calculations. It also covers future inflation expectations, with experts predicting a rise by the end of the second quarter. Jay Powell's upcoming address is mentioned, emphasizing that current inflation concerns are temporary and related to base effects and supply shortages.

What is the current issue affecting imports into the country?

• Lack of demand

• Excessive regulations

• Port backups

• High import taxes

What was the core rate change in the CPI data?

• Increased from 1.2% to 1.4%

• Decreased from 1.6% to 1.4%

• Increased from 1.4% to 1.6%

• Remained at 1.6%

Which item saw a significant price increase in the CPI data?

• Food

• Electronics

• Clothing

• Gasoline

What is the expected inflation rate by the end of the second quarter according to economists?

• 1.4%

• 2.0%

• 2.7%

• 3.0%

What is the Federal Reserve's stance on the current inflation trends?

• They are reducing economic support

• They are increasing interest rates

• They believe the inflation is temporary

• They plan to tighten policy immediately