Apollo's Slok Sees No More Fed Hikes Despite Hot CPI Report

The video discusses the transitory nature of disinflation and the persistent strength of the service sector, which keeps super core inflation elevated. It highlights the Federal Reserve's strategy to maintain high interest rates to slow down the service sector and control inflation. The impact of these policies is seen in the difficulty companies and consumers face in obtaining loans due to high interest rates. The video concludes by explaining that these economic adjustments align with textbook predictions of the effects of Fed rate hikes.

What is the significance of the service sector in the current economic discussion?

What factors contribute to the elevated super core inflation mentioned in the text?

What does the term 'restrictive margin' refer to in the context of the Fed's actions?

In what ways are companies affected by the current interest rates according to the text?

How does the Fed's policy aim to influence consumer spending and borrowing?