11-11-26 Part Two - Consumer Expectation

In part two of Red Eye Radio with Gary McNamara and Eric Harley, we discuss prices and affordability. US consumer prices increased more than expected in October amid higher costs for food and accommodation, cementing expectations that the Federal Reserve will raise interest rates next month. Inflation is being driven by the war with Iran, which has boosted oil ‌prices, the Trump administration's import tariffs, resilient consumer spending and aggressive business investment in artificial intelligence technology. The rising cost of living contributed to the heavy losses suffered by the GOP in the midterm elections last week. Fed Governor Christopher Waller said on Tuesday the US central bank should raise rates next month, adding that "a stronger policy move may be needed."

Also an op-ed on how the war with Iran will end and was it worth the money spent / and honoring all military veterans today who have served in the United States Armed Forces. Happy Veteran's Day.

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