🚨May #CPI data shows inflation at +4% YoY. Matt McCall breaks down what it means… #shorts
Matt McCall discusses the May CPI data coming in at a 2-year low ahead of this week's June #FOMC meeting.
Vice President of Investor Relations & Corporate Development, Hni
Search every verified Matthew Mccall interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Matthew McCall, Vice President of Investor Relations & Corporate Development at HNI, has been producing a video series titled "Making Money with Matt McCall" in which he discusses market conditions, inflation data, and individual stocks. In September 2023, McCall commented on May CPI data, noting that year-over-year inflation came in at 4%, the lowest since March 2021, and that core inflation excluding food and energy was 5.3%. He attributed the persistent high core number to shelter costs, which rose 8% year-over-year, while pointing to declines in airline fares and egg prices as positive signs. McCall stated that following the data release, there was a 93% chance the Federal Reserve would raise interest rates. In earlier episodes from 2022, McCall discussed the Federal Reserve's largest interest rate hike in 28 years, the impact of geopolitical tensions on portfolios, and specific investment opportunities. He recommended books such as "The Future is Faster Than You Think" by Peter Diamandis and Steven Kotler, and highlighted sectors like energy, aerospace and defense, and industrial metals as potential beneficiaries during geopolitical conflicts. McCall also analyzed individual companies including Peloton, Brilliant Earth, Solo Brands, Exponential Fitness, and F45 Training Holdings, offering his views on their valuations and growth prospects. He expressed confidence that the S&P 500 would be up 20% from its end-of-2021 level at some point in 2022, citing producer price index trends and valuations.
“CPI came in year over year up four percent that's actually the lowest number we've seen since March 2021 over two years.”
“The core number which excludes food and energy was up 5.3 which again in line with expectations.”
“The reason that number continues to remain high is shelter, a year over year shelter which is about one third of CPI up eight percent year over year, up 0.6 month over month in the same time frame.”
“Airline fare now down 13.4 percent year over year, that's really good news.”
Matt McCall discusses the May CPI data coming in at a 2-year low ahead of this week's June #FOMC meeting.
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