Inflation subsides as incomes more than keep up with rising cost of living, government data says

The video discusses the decline in inflation rates since 2022, highlighting a recent drop in the Consumer Price Index (CPI) and its implications for the economy. It covers the Federal Reserve's potential interest rate cuts and their impact on investments and retirement. The discussion includes insights from economists and predictions for future economic trends.

What was the inflation rate in 2022, and what is it now?

• 10% in 2022, now 4%

• 7.2% in 2022, now 3.5%

• 8.5% in 2022, now 2.5%

• 9.1% in 2022, now 3%

Which factors contributed to the recent decline in inflation?

• Rising food prices

• Higher interest rates

• Falling gas and car prices

• Increased rent costs

What is the current interest rate held by the Federal Reserve?

• 5.8%

• 6.1%

• 5.3%

• 4.5%

When are the potential interest rate cuts expected to occur?

• August and October

• June and September

• September and November

• July and December

How might interest rate cuts affect retirement accounts?

• Increase in account value

• Decrease in account value

• Immediate increase in interest earnings

• No effect on account value