Prestige Economics' Schenker on Economy

The video discusses the Federal Reserve's approach to managing inflation through rate hikes, with a focus on upcoming 50 basis point increases. It highlights the dual mandate of the Fed, emphasizing full employment and stable prices, and examines the strength of the labor market despite layoffs. The video also explores the impact of energy prices on inflation and the global economic slowdown, with a particular focus on oil and natural gas prices. Key economic indicators and the Fed's data-dependent strategy are also discussed.

What inflation rate is the Federal Reserve targeting?

What impact do oil and natural gas prices have on inflation according to the discussion?