Comments by "DrScopeify" (@drscopeify) on "Inflation's moving away slowly and Fed will cut rates this year, says JPMorgan's Priya Misra" video.

The next inflation updates could be down, I for sure have seen prices fall, car prices are down big time in my area, I am seeing lots of homes now coming up for rent and for sale and grocery store has lots of discounts all over the place. The hold out seems to be insurance but there has been a lot of issues with bad weather, fires, flooding and cost of repairing a home and car has gone up so there is the one problem spot it seems. Not sure what the solution is for that but maybe once they hike prices it levels off but we shall see. I was able to hunt around and get my home insurance moved from Farmers $1000 a year down to $770 with AAA. They are way cheaper unless they start hiking my price next year, we shall see.
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Powell said 2% is the target. The funny thing is this woman works with fixed income meaning that she benefit from higher rates so I think she is actually saying BS becasue rate cuts get her less clients and many will leave back to risk-on assets. That seems to be a problem with interviews with banking people they seem to on purpose say the opposite of what they want in order to score more customers. Not good for us average Joe watching it just confuses us for no reason. In fact many interviews on finance YOU TUBE channels and media seem to always say whatever will bring them in new customers not actually how they view the future of the US economy. When I see someone interviewed I always ask, what are they selling? I go to their website and check, there is a clear pattern of lying to get more customers. They are all freaking sharks.
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