Inflation Peaking but Pain Won’t End

The latest CPI and jobs reports indicated that inflation may have peaked, sending the markets into a big rally. But there are worrisome signals beneath the surface warning that inflation is far from over. Kevin Gordon, a senior investment researcher at the Schwab Center for Financial Research, joins host Mike Townsend to assess the latest data and discuss how far the Federal Reserve is willing to go before easing its series of rapid interest rate hikes. They also examine the hurdles the economy still faces before we can leave the bear market behind, whether the latest crypto meltdown is having spillover effects on the equity markets and what potential gridlock in Washington may mean for the markets in the year ahead. 

Mike also shares his thoughts on the midterm elections and highlights what may be on tap for the post-election session of Congress, including a government funding debate, retirement savings legislation and a longshot bid to raise the debt ceiling.

WashingtonWise is an original podcast for investors from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise.

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