Inflation rises slower than predicted, what's next for the economy?
TELL HIM TO KEEP FIGHTING
>> FROM GROCERIES TO GAS.
IF YOUR WALLETS FEELING KIND
OF STRETCHED LATELY, YOU ARE
FAR FROM ALONE. A NEW INFLATION
REPORT SHOWS PRICES TICKED UP
AGAIN IN SEPTEMBER, THOUGH, BY
LESS THAN EXPECTED 5 ON YOUR
SIDE'S KEELY. ARTHUR BREAKS
DOWN WHAT THE NUMBERS REALLY
MEAN FOR THE ECONOMY.
>> AND HOW YOU CAN TRY TO SAVE
MONEY.
>> THIS INFLATION REPORT TRACKS
ALL SORTS OF PRICES. WE'RE
SEEING AN OVERALL 3% RISE ON
THE COST OF GOODS IN SEPTEMBER
2025. COMPARED TO THAT OF
SEPTEMBER 2024. SO FOR FOOD,
IT'S ALL OVER THE PLACE.
FOR EXAMPLE, THE PRICE OF EGGS
IS DOWN, BUT BEEF AND ORANGE
JUICE UP. AND THE SAME
SITUATION WITH VEHICLES.
NEW VEHICLES ARE COSTING MORE
BUT USED CARS ARE ACTUALLY
DOWN. THE THING ABOUT THE CPI
REPORT, THOUGH, IS IT LOOKS AT
THE OVERALL ECONOMY AND GIVES
US A GOOD INDICATOR OF WHERE
THINGS ARE HEADED. WRAL, 5 ON
YOUR SIDE HAS FALLEN RISING
COSTS FOR YEARS AND SPOKEN WITH
TOP ECONOMISTS.
>> LIKE DOCTOR GERALD COHEN
FROM UNC IN 2022, I ASKED IF A
RECESSION WAS COMING. HE SAID
NO, HE WAS RIGHT. FOR YEARS
LATER, I ASKED AGAIN, HERE'S
WHAT HE SAID. THE CURRENT SET
OF POLICIES.
>> ALRIGHT, INCREASING THE RISK
OF A RECESSION AND THAT'S WHAT
CONCERNS ME BECAUSE THE ECONOMY
WAS ON A FIXED LOOK, LOOK, LOOK
VERY HEALTHY AND HAD YOUR JOB
CREATION CONTINUE TO 2.
EXCEEDED EXPECTATIONS. EVERY
EVERY MONTH. PEOPLE THE GENERAL
COMMUNITY, INCLUDING MYSELF,
WAS SAYING, OK, THAT WE'RE IN
IT. WE'RE KINDA. WE'RE CREATING
A LOT OF JOBS. EVEN FATHOM MORE
THAN DEMOGRAPHIC SUGGESTS.
AND SO WE'RE KIND OF RUNNING
OUT OF PEOPLE AND NOW THE THE
NOW THAT ALMOST THE OPPOSITE
HAS HAPPENED WHERE WE'RE
CREATING VERY FEW JOBS. NOW.
AND AND THAT'S THAT'S WORRYING
GOING. OTHER ECONOMISTS POINT
TO SHIFTING TARIFFS IN A CRACK
DOWN ON IMMIGRATION.
>> AS 2 MAJOR FACTORS DRIVING
UNCERTAINTY. COMPANIES MAY BE
HIRING LESS BECAUSE THEY DON'T
KNOW WHAT'S NEXT. AND THOUSANDS
HAVE LOST LEGAL WORK
AUTHORIZATION. STILL, THE FED
IS EXPECTED TO REDUCE INTEREST
RATES AGAIN. AND THE STOCK
MARKETS PERFORMING WELL.
COHEN'S ADVICE, STICK TO YOUR
INVESTMENT PLAN TO INVEST IN
EQUITIES. IF YOU CAN JUST
REMEMBER, YOU CAN BE VOLATILE.
BUT WHAT IF YOU'RE JUST TRYING
TO PUT FOOD ON THE TABLE?
I TOTALLY GET THAT. YOU WANT
TO MAKE SMALL CHANGES. THEY CAN
HAVE A BIG DIFFERENCE IN YOUR
BUDGET BY THINGS INVOLVED BY
GENERIC ITEMS THAT WILL
TRANSLATE TO REAL SAVINGS AND
ALSO KNOW THAT THERE ARE OTHER
RESOURCES AVAILABLE REGARDING
FOOD BANKS. IT WE HAVE A LIST
OF HOW TO GET HELP ON OUR
WEBSITE. WRAL COM KEELY ARTHUR.