Wealth advisor Eddy Gifford joins Alicia Summers to discuss what President-elect Donald Trump’s administration could do to tackle inflation.
Consumer sentiment rose to 71.8 in November, marking the fourth monthly increase, but fell short of economists’ expectations (73.5) and the earlier 73.0 preliminary reading taken before the election. Wealth advisor Eddy Gifford joins Alicia Summers to weigh in
The latest jobs report reveals a disappointing addition of only 12,000 jobs this month, sharply down from revised figures of 223,000 last month, with economists attributing the decline to the ongoing Boeing strike and recent hurricanes.
Strong jobs data coincides with planned mass job cuts. Today’s January jobs report showed that 353,000 jobs were added.
Inflation went up to 3.2% year-over-year, down from 3.7% in September.
Eyes are on another hot inflation measure out today, the Producer Price Index