Ep. 141 - Is a Fed Rate Cut Coming Soon? PCE Data, National Debt, & Data Leaks
Could cooling inflation finally lead to a rate cut? In this episode, Quinton Harris analyzes the latest PCE data showing inflation slowing down. He also discusses the increased chances of a cut sooner than markets expect as the economy shows signs of deterioration. Lastly, Quinton exposes massive data breaches in the mortgage industry compromising private information, and calls out Zillow for illegally publishing personal details of protected groups, urging for higher accountability.
[00:00 - 00:26] - Introduction
[00:26 - 03:19] - Latest PCE data
[03:20 - 04:18] - Will rates be cut in march?
[04:19 - 08:09] - National deficit’s interest payments
[08:10 - 10:34] - Shelter costs impact on inflation
[10:35 - 11:40] - Is the Fed being too restrictive?
[11:41 - 14:26] - Cyber attacks and data leaks in mortgage lending
[14:27 - 16:59] - Zillow's publishing of protected class information
[17:00 - 18:15] - Closing segment
Key Quote:
"Shame on you Zillow. You should not be publishing this information” - Quinton Harris
_______________________
Search for “What’s Your 1 More” on YouTube to enjoy highlights and full video episodes.
Watch the podcast on Spotify for full video episodes, Q&As, and community polls!
Do you want to master your finances and financial leadership? Connect with us on Facebook, Twitter, and Instagram.
Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/.
Please subscribe, share, and leave a review to let us know you want to keep the content coming!