Inflation falls 0.1% in June from prior month, helping case for lower rates

CNBC's Rick Santelli joins 'Squawk Box' to break down June's CPI data. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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[@EgeBaturalp-e2v]

Great video, The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.

[@GöktürkOraloğlu-g3u]

Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.

[@EgeBaturalp-e2v]

I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

[@EgeBaturalp-e2v]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@chuckmoelter6177]

You are special. You actually believe this.

[@kaidencbrent9691]

With inflation at 3.70%, l'm looking to enter the market now and ride it out as the economy improves. I'm putting together a $250,000 portfolio with Stocks and ETF's. Do you have any recommendations with solid cash flow?

[@DiegoPatrick6274]

We shouldn't act on every forecast. It is best you speak with a market expert before making any investment decisions.

[@freyadecker2718]

Thanks for your response, I'm curious to give this a try. Please who is your advisor and how do I get in touch?

[@JustinBrown-jz2of]

Thanks for sharing. I curiously searched for his full name and his website popped up immediately. I looked through his credentials and did my due diligence before contacting him. He seems really reputable.

[@selenajack2036]

From paying for day care and college, to managing mortgage payments. I'm approaching retirement yet inflation is getting worse. How can I generate more income to retire with at least $3m for long term care? I have about $800k in savings.

[@kaylawood9053]

We share common goal, making sure you are ready for your later years is very important. I'd suggest you consider financial advisory

[@hushbash2989]

Agreed, partnering with the right advisor is invaluable, my portfolio is well-matched for every season of the market, and recently hit 140% rise from early last year. I and my FA are working on a 7-figure ballpark goal, tho this could take another year.

[@bsetdays6784]

congrats! once you hit a big milestone, the next comes easier.. who is your financial advisor if you dont mind me asking?

[@hushbash2989]

Lauren Marie Ehlers’ is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@JulianBarnes-dd2iq]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@LynetteHuson]

I just want my money to keep outgrowing the inflation rate. That’s why I'm looking for companies now to invest my $120k savings. Just don't know strategies to employ to make significant gains

[@Herbert-n2z]

we shouldn't act on every forecast. It is best you speak with a market expert before making any investment decisions.

[@AlyceJefferies]

You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.

[@Shaine-d5t]

Please who is your advisor and how do I get in touch?

[@AlyceJefferies]

*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@Osborn-y2m]

Thank you for the lead. I searched her site up and filled the form. I hope she gets back to me soon.

[@nicolette-t2y]

With around $120k invested in Palantir stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.

[@merideth-j4j]

Prioritize two goals: strategically buy stocks to limit losses and maximize gains, and be prepared to capitalize on market shifts. Consult a financial advisor or professional for personalized guidance.

[@enolachastang]

@@merideth-j4j Certainly, I've been consulting with a Certified Financial Planner (CFP) since the outbreak. Beginning with an initial fund of $80k, my advisor makes decisions on when to enter and exit positions in my portfolio, which has now expanded to around $350k.

[@nicolette-t2y]

@@enolachastang Please can you leave the info of your investment advisor here? I’m in dire need of one.

[@enolachastang]

@@nicolette-t2y Victoria Carmen Santaella is the licensed advisor I use. Just search the name. You’ll find the necessary details to work with to set up an appointment.

[@nicolette-t2y]

@@enolachastang I will give this a look, thanks a bunch for sharing.

[@Sylvia-f3h]

[@Sylvia-f3h]

The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional.

[@StephanieMiller-o1h]

I know Laura, she has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of lives.

[@StephanieMiller-o1h]

You're right! The very first time I tried, I invested $2000 and after a week, I received $8,400. That really helped us a lot to pay up our bills.

[@WillPerry-b7r]

Interesting! But I'm new here. How can I get to this person's guidelines??

[@Sylvia-f3h]

SHE IS ON TELEGRAMs

[@miken7629]

Just got my annual insurance renewal, a 28% increase, everybody keeps wanting more money from me yet they keep saying inflation is low.

[@Burgermonster]

That's an insurance industry issue. They insure that they make lots of money from you. Just don't file a claim because they won't pay it without getting lawyers involved.

[@weho_brian]

interesting my insurance rate (from Tesla) stayed the same. Even though my car depcreciated 10k in 1 year 😄

[@drscopeify]

Insurance is always the last wave of inflation becasue they depend on everyone else raising prices first, but shop around there are many new insurance companies while old ones consolidate so they raise prices. I was with MetLife but they got bought out by Farmers and of course they hiked rates so I moved to a local insurance company here in WA state and got the price back to $800 a year for my house. Farmers hiked it to $1100 so shopping around saved me $300 a year, that's not much money these days but why not, I rather it be in my pocket.

[@Pat_laura22]

It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.

[@Taylor_m16]

Yeah, things may be hard right now, but I've come to realize both bear and bull market, recessions and economic boom, all provide opportunities to make high gains, I used to call bluff on folks that bragged about making a fortune from such down-markets until I happened to do so myself

[@claramarie8541]

I agree. I've been working with a financial advisor since 2020, and I return up to 15k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital.

[@Harris_j1]

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@claramarie8541]

Iynne Marie Stella is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@robertfurguson2678]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@antonlogunov1936]

Services, housing and food inflation does not stop. And those are essentials basically.

[@Hasanaljadid]

Food inflation is low.Housing and rent is The biggest problem.

[@staroftheshow0]

Add in house prices and inflation is moving up.

[@davincicodedanbrown]

Energy bills are crazy high!

[@ssuwandi3240]

Insurance ☝️☝️☝️

[@donaldsanchez2279]

The excitement of this fake newscaster is abhorent.

[@John-s9d]

Im seeing 'for sale' signs on homes.

[@sheepman6291]

My apartment complex in Utah just hung up a "first month free" sign.

[@thomasj3238]

It barely even moved. Never seen people get so excited about stocks when inflation reports don’t even include house prices. People can barely pay their bills. Huge disconnect with what’s reported and reality.

[@matthewh2941]

stop fear mongering mr bear

[@staroftheshow0]

@@matthewh2941hope you’re ready for the huge pullback. August and September are not going to be good for you.

[@jacobwatson3781]

Been hearing that since Jan 21 2021 for some reason

[@matthewh2941]

@@staroftheshow0 I’m a trader so no worries if it goes down thanks for the concern, find it hilarious how close minded some people are

[@staroftheshow0]

@@matthewh2941look at the past 5 years for August and especially September. These are never good months for the market.

[@justinsmith9851]

Always remember next month or the month after they always revise the current months numbers and normally they’re revised worse

[@jayman1776]

Prices of some things may have dropped .1%, not sure what. Real world inflation rate dropped from 10% to 9.9%. The government must think the taxpayers are stupid to believe their numbers. They must use Mafia accountants. My rent increase was 8% , my car and health insurance up 20% this year, every other bill was up 10% or more.

[@user-oj1id5mp7w]

that's within the margin of error lol

[@pauljenkins6877]

Inflation didn’t fall 0.1%. Prices fell 0.1%. Why can’t reporters and headline writers get this basic difference right?

[@jamesklaatu9359]

No the rate of increase fell 0.1%

[@ssuwandi3240]

Takes 2- years to be back at 2% at this snail pace

[@thedopplereffect00]

Exactly, they should have kept raising rates and cut government spending

[@weho_brian]

the feds 2% target on their dot plot is for 2026

[@kylefabbro171]

Rick, the tea partier that had no clue what he was talking about.

[@user-zl9sh9mz6h]

The pursuit of profit over human flourishing is a dead end.

[@caddie1a]

So the 12 month inflation rate (YOY) is still at 3%. Why cut rates when the inflation rate isn’t at 2%?

[@jordanslingluff287]

To keep banks from collapsing and to allow debt consolidation at lower rates, personal/commercial. The government also has to refinance almost $9 trillion in existing debt

[@antonlogunov1936]

Can you stop a car running 60 mph in 1 sec?

[@NeroX-nh8se]

@@antonlogunov1936 yes, with a crash

[@kam_abroad]

Interest rates have a lagging effect of 6-8 months. And the neutral rate is 3% while interest rates are at 5%. So keeping rates flat creates a drag for 6-8 months from now.

[@rodrigocortes3641]

The crew on the titanic saw the iceberg in front of them, but couldn’t steer clear because it takes time to move it in the other direction

[@kaleemroberts3646]

America system is a vampire 🧛‍♂️ 😢

[@derrickhensley7898]

.1%? that's it?

[@robf5374]

Don't be the man who hung in hoping for a few % more and lost all his gains. Its going to pop any time now. A few cuts won't reverse the down cycle that has already begun below the surface.

[@thedopplereffect00]

Why don't they ever mention raw numbers? 314.069 vs 314.175. inflation is still up.

[@drscopeify]

Well deflation is here. People said it was coming and here it is. Might only last a few months but who knows.

[@anodyneforever3996]

sell the news

[@herbythechef7624]

Yup and the selling is happening

[@tedstriker6743]

Still long way off from 3% stop smiling. Also talk about how high it is over the last three years 22% no smile here at all

[@tacolover5000]

Whoever remembers the 2008 decline, please reply with a story that highlights peoples hardship.

[@yyan6501]

Only REPUBLICAN PRESIDENTS caused big economic recessions, so there you have it.

[@ace9840]

I remember it very well because I knew there were problems with housing starting in beginnings of the 2000's. But the problem was nobody could get the info on derivatives tied to housing. It’s why very few warned that housing was in a big bubble til it popped. And million’s around the world lost everything. But the sad part is few learned from that Great Financial Crisis and now we’re facing a worse one.

[@yyan6501]

@@ace9840 lmao you had me until the last sentence. Get lost, Mr. know-nothing.

[@ace9840]

@@yyan6501 😳 … 🤣🤣🤣🤣 … And your comment shows me you know nothing about inflation and recessions.

[@jocko4598]

Bidenomics at work. Thank you President Biden.

[@Patrick-yh5yd]

Works for you. Not the poor. But Biden is the president for the rich.

[@drewyoung2102]

Weak people always blame blam blame

[@chrisreyes8445]

Biden has spent like a drunken sailor. Trillions and trillions of dollars on useless bills that are only causing more inflation like the “inflation reduction act”. Hysterical

[@289cobra9]

​@@drewyoung2102 That's why Biden blames everyone but himself.

[@user-ys9sw2gy5g]

Lollllllll😂😂😂😂😂 he caused it !!! 😂😂😂😂🤡🤡🤡🤡

[@harveypost7799]

A Psalm of the wild- built by becky chambers ....travels of a tea monk...

[@user-xr6zm8cx6r]

Things get easier in a months wow. Don't know all drama for what

[@harveypost7799]

Lots of stuff gonna fall by november will PRES.BIDEN.

[@jz3689]

Funny how that happens right before the election. FJB

[@harveypost7799]

Y don't u tell me how jesus loves me

[@Ryan-re3jf]

The title is messed up, it says inflation falls 0.1%. Well no, its not inflation its deflation. Otherwise a fall of 0.1% would have to simply be a decrease from last month of 0.1%

[@antonlogunov1936]

it falls 0.1% from 0% to -0.1%. Weird spelling but pro-s probably get it.

[@thedopplereffect00]

It's not even true, raw CPI index increased again from 314.069 to 314.175

[@willtwain1383]

Biden defeated Trumpflation.

[@chriskii12344]

What are you talking about? Donald Trump: Average inflation rate was approximately 1.88%. Joe Biden: Average inflation rate has been approximately 6.4% (up to 2023).

[@willtwain1383]

@@chriskii12344 Inflation is a lagging indicator. Trump caused the problem with his tariffs, debt, tax cuts and total failure handling the pandemic. His insane push to lower interest rates to zero was idiotic.

[@chriskii12344]

@@willtwain1383 I think whoever was in charge during a global pandemic where everyone shut everything and smashed insane amounts of stimulus into the economy was going to have huge inflation… trumpflation bidenflation look worldwide everyone had to deal with it.

[@CMN1186]

@@chriskii12344 you do realize inflation was low under Trump because Covid had not happened yet right? If you think inflation would not have increased under a second term of Trump you are at best ignorant or worst dumb as hell.

[@ssuwandi3240]

Not true. Trump's LOWEST ENERGY COST was clear winner👍

[@StewieGriffin]

inflation 3.3% to 3.0% ticker $achr stellantis bought 17 million shares for air taxi funding to fight road congestion 350 million shares total 60% of it is held by institutions we only have 133m float remaining 55 million shares are shorted

[@KJB-gn8mr]

Inflation continues upward . Excuses for biteonenomics continue . I'd hate being Jared Bernstein ...

[@db-jk8dl]

Yay! Good job Harris/Biden

[@user-ys9sw2gy5g]

?????😂L😂😂😂🤡🤡🤡he caused it😂😂😂

[@nexus00]

​@user-ys9sw2gy5g covid caused it 🤡 Don't get mad bc biden economy is better than Trump