Podknife - Sen. John Fetterman, Cooling Inflation, & Consumer Demand 07/11/24 by Squawk Pod

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Sen. John Fetterman, Cooling Inflation, & Consumer Demand 07/11/24

Podcast |: Squawk Pod
Publisher |: CNBC
Media Type |: audio
Podknife tags |: Business,; Business News,; Interview,; News & Politics
Categories Via RSS |: Business,; Business News,; Investing,; News
Publication Date |: Jul 11, 2024
Episode Duration |: 00:36:42

Description
iTunes Summary

Inflation slowed in June! The Labor Department released its inflation-report-june-2024.html">monthly consumer price index, a measure of costs of goods and services and a key metric for the Federal Reserve. Two economists, Wendy Edelberg of Brookings and Joe Lavorgna of SMBC Nikko Securities America, discuss what the better-than-expected numbers mean for the Fed’s next interest rate cut. Head of Bank of America Institute Liz Everett Krisberg shares Bank of America’s latest consumer checkpoint, which reveals a softening in credit card spending. Plus, it’s a pivotal week for Democrats, whether they’re supporting President Biden’s bid for a second term, or not. Consistent backer Senator John Fetterman (D-Pennsylvania) discusses division in his party, as well as the Biden 2024 campaign. Plus, reaches-deal-with-eu-to-open-up-mobile-payments-system-to-rivals.html">Apple reached a deal with EU regulators on its mobile payments network, and North American pep-earnings-q2-2024-earnings.html">demand for Pepsi products has slowed down.

Sen. John Fetterman - 15:41

Liz Everett Krisberg - 28:25

Wendy Edelberg & Joe Lavorgna - 35:43

In this episode:

Sen. John Fetterman, @SenFettermanPA

Kelly Evans, @KellyCNBC

Joe Kernen, @JoeSquawk

Katie Kramer,@Kramer_Katie

Inflation slowed in June! The Labor Department released its monthly consumer price index, a measure of costs of goods and services and a key metric for the Federal Reserve. Two economists, Wendy Edelberg of Brookings and Joe Lavorgna of SMBC Nikko Securities America, discuss what the better-than-expected numbers mean for the Fed’s next interest rate cut. Head of Bank of America Institute Liz Everett Krisberg shares Bank of America’s latest consumer checkpoint, which reveals a softening in credit card spending. Plus, it’s a pivotal week for Democrats, whether they’re supporting President Biden’s bid for a second term, or not. Consistent backer Senator John Fetterman (D-Pennsylvania) discusses division in his party, as well as the Biden 2024 campaign. Plus, Apple reached a deal with EU regulators on its mobile payments network, and North American demand for Pepsi products has slowed down. Sen. John Fetterman - 15:41 Liz Everett Krisberg - 28:25 Wendy Edelberg & Joe Lavorgna - 35:43 In this episode: Sen. John Fetterman, @SenFettermanPA Kelly Evans, @KellyCNBC Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie