Ron Insana, Schroders North America senior advisor and CNBC contributor, joins ‘Power Lunch’ to discuss if inflation is peaking, what Insana sees that the Fed vice chairs aren’t and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
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Inflation has been a hot topic of discussion lately, with concerns rising about its impact on the global economy. However, renowned financial expert Ron Insana, Senior Advisor to Schroders, believes that we have already witnessed the peak of inflation.
Insana argues that inflation fears have been exaggerated and that the recent spike in prices is likely temporary. He points out that much of the inflation we have witnessed in recent months is a result of the pent-up demand and supply chain disruptions caused by the COVID-19 pandemic. As economies began to reopen and consumer spending picked up, there was a surge in demand for goods and services, leading to higher prices.
Furthermore, Insana highlights that the supply chain disruptions during the pandemic caused a shortage of key inputs and raw materials, which in turn pushed up prices. However, as the global economy continues to recover, these supply chain issues will gradually be resolved, and prices are expected to stabilize.
Insana also draws attention to significant structural forces that will likely counteract inflationary pressures. Technological advancements, such as automation and artificial intelligence, are increasing productivity and efficiency, which can help keep inflation in check. Additionally, demographics, with an aging population in many developed countries, can lead to a slower rate of economic growth and potentially less inflation.
It is essential to differentiate between short-term price increases and sustainable inflationary pressures, according to Insana. He notes that central banks, like the US Federal Reserve, are closely monitoring inflation and have the tools necessary to control it if needed. These institutions aim to maintain a balance between controllable inflation to support economic growth and excessive inflation that erodes purchasing power.
While no one can predict the future with certainty, Insana’s perspective carries weight due to his vast experience in the financial industry. He has witnessed various economic cycles and understands the dynamics that drive inflation.
Investors and consumers need not panic over recent price increases, according to Insana. Although inflation may remain elevated in the short term, he believes we have likely already reached the peak and expects a gradual moderation over time.
As with any financial advice or analysis, it is crucial to consider various perspectives and consult multiple experts to form a comprehensive view. However, Insana’s insights provide reassurance in a period of heightened inflation concerns, giving hope for a more stable and sustainable economic future.
The problem is that rents are not going down at all, and homelessness is now the biggest threat to society. No country with the level of this homelessness has ever survived.
Great call on negative CPI print. Expect wrong
OK boomer
I'd definitely buy #eth if it dipped below $1000, but I guess it probably won't go below that .#defiwarrior they will #metaverse with #mera and have many #event to join. you can earn from it #aridrop
This didn’t age well
Hahahahah This video is not aging well.
Sure dude
Watching this video to keep it open mind on the other view
Peak or not, this level of inflation is apocalyptic.
So BIDEN, says inflation is 0%; how come my food bill is twice what it was before he was elected.
Never underestimate Biden’s ability to F things up!!!
If CNBC say long, go short
The markets are closed ver saturated with novice investors that have no clue what they are doing. Look at what Apple is doing. Everything now is geared toward a more slower thinking consumer. The apple 14 isn’t too much different than any other model they’ve released. The markets are only rising because people are trying to hit it big, quick. When you have companies like Robinhood what do you expect? All of the smart money has exited the market and now the dumb money is keeping it afloat. Once the next sell off happens it will be a free fall directly to the bottom.
It was red for four weeks and then one day recover do you think everything‘s OK?
Inflation never exist….we either have 900 trillion dollars or we don't…how much money does America have, well none.
Joe went and bought a new F-150 for $56,000.00, Joe only had $6,000.00…after all said and done, Joe signed a contract to print $62,000.00, Ben want a tug boat company…you know what Ben must do!!!
these guys dont understand the difference between peak inflation and high inflation. Its like whats the point of celebrating CPI going from 9.0 to 8.9
!remindme 3 months. Ron should layoff the THC.
How can you say that inflation has peaked when the money printer still burring.???
These wise guys in their offices…go to the malls, the middle suburbs, the downtown streets full of tents, addict zombies intimidating the public…wastelands of broke Americans.
He is right. FED was too slow to raise last year and now they are over doing it and crashing economy
Ron Insana – one of the very few people capable of thinking for themselves – he's 100% spot on – inflation is collapsing