Asks Jim Bianco to explain his argument that the K-shaped economy is about inflation rather than jobs
Host
Jim Bianco
The K-shaped economy shows top 10-15% doing well while bottom 50% struggles due to cumulative 25% inflation since 2020 recession, not job fears
Asks if upcoming retail earnings from Target, Walmart, Home Depot will amplify the K-shaped narrative
Host
Jim Bianco
Target reports will show lower income consumer struggles are due to prices being too high, not lack of jobs
Notes Fed futures below 50-50 for rate cut and asks about close call with mixed Fed signals
Host
Jim Bianco
Fed cut probability dropped from 70% to 43% without data, showing Trump's bashing strengthened Fed independence - now about tallying 12 voters, not just Powell
Asks about Jefferson's inflation progress comments and whether price increases are transitory
Host
Jim Bianco
Fed struggling with three big questions: tariffs as one-off inflation, labor supply from border closure, and neutral rate - but underlying inflation problem persists beyond transitory factors