Fed isn't going to reach inflation target due to shelter costs, says 3Fourteen's Warren Pies

Warren Pies, 3Fourteen Research, joins 'Closing Bell' to discuss shelter disinflation and takeaways from the CPI report.

[@NeptuneKnives]

This guy is actually one of the best

[@SISU_LIFE]

Pies was on Closing Bell with Santoli about a month ago and was dumping on equities. Even had a statement about him believing the market would be dropping to 4500. And here we are. These guys are ridiculous.

[@simrans3675]

Haha - CNBC is for entertainment, not for investment advice :-)))

[@FLIPPER305]

With commercial real estate in survival mode, does anyone really believe that apartment owners will be lowering rates?

[@2023gainer]

Meme stock this week.. FSRN... Fisker. ? Rising 24 % Wed. Additional financing and dealerships announced. Polestar... NIO . Li Auto... Xpeng... Rivian...Xos Trucks.. Lillium Evtol Jets and more.

[@calvinj5639]

1:50 This is akin to praising the current system where law enforcement investigates themselves

[@williambudd2850]

They will if they raise rates higher but not it they presist in this wishful thinking nonsense.

[@darrylanderson4764]

Usa stocks is the place to be not in Cuba land hahahahaha

[@jeanlucbergman479]

Shelter costs are higher BECAUSE of high rates. Trying to fix housing costs via rate hikes is like trying to fix someone's common cold with a hammer.

[@prolific1518]

You have a smooth brain. If rates are cut, prices will explode again. American junkies just keep adding debt at whatever rates and won't let any markets reset including housing. Part of the problem is Biden keeps announcing handouts for consumers.