URGENT: Federal Reserve STOPS Rates Hikes, Prices Fall, Major Pivot Ahead!

Let's discuss the Federal Reserve Rate Meeting in 2024, their summary of economic projections, and what this means for real estate, stocks, and your money - Enjoy! Add me on Instagram: GPStephan
GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: grahamstephan.c...
LATEST INFLATION REPORT:
Headling CPI decreased to just 3.3% per year, driven lower by the fact that oil and groceries are rising - year over year - at a much slower pace. All items - when averaged out - increased by NOTHING in May, which signals that inflation is continuing to move in the right direction.
More specifically: Energy prices fell by 2%, new cars fell by 0.5%, all items LESS food and energy only rose by 0.2%, and Shelter rose by 0.4%. Core CPI declined to 3.4%, down from 3.6% last month.
THE STOCK MARKET:
As Marketwatch reported, for the first time since 2000, just three stocks make up 20% of the entire SP500 - and that’s Microsoft, Nvidia, and Apple. This means that - despite the fact that nearly 40% of the entire index is negative for the year, just a few very large companies are responsible for the majority of our new highs.
Even though this certainly could be cause for concern, a separate analysis found that a few companies leading the market could actually be a good thing for future profits. That's because, since 1950, rising concentration led to even higher returns, especially since THOSE were the companies generating the most revenue.
A Goldman Sachs representative also recently said that “A wall of money” from passive equity allocations will pour into the stock market in early July.” It’s also worth mentioning that - since 1928 - the first 15 days of July have been “the best two-week trading periods of the year for equities. The S&P 500 has been positive for nine straight Julys, posting an average return of 3.7%. The Nasdaq 100 has an even better record, posting gains in 16 straight Julys, with an average return of 4.6%.”
HOUSING PRICES:
Overall, Median housing values increased 6.2% year over year, to almost $434,000, which is the highest amount - ever - on record. On the bright side, there are 10% more listings on the market today than a year ago, giving buyers more inventory to choose from.
This has resulted in almost 43.9% of homes going under contract within the first two weeks of being listed (down from 46.9%, a year ago) and 18% of sellers were found to have cut their asking prices, likely because they wanted too much money in the first place.
Zillow has revised their 2024 projections and now anticipates that housing prices will only rise 0.6% for the rest of 2024, and actually decline by 0.9% over the next 12 months. As they say, an uptick in inventory “is causing some listings to linger on the market for extended periods, resulting in more negotiating power for buyers.”
SUMMARY OF ECONOMIC PROJECTIONS:
According to their projections, they forecast core inflation subsiding to 2.8% by the end of the year, falling to 2.3% by the end of 2025, and then finally leveling off at 2% by the end of 2026.
In addition to that, they believe that the unemployment rate will begin to uptick slightly in 2025, to 4.2%, and that GDP will remain in the 2% range.
However, when it comes to interest rates, this was the largest change: They expect to keep rates in the 5.1% range in 2024, which was significantly higher than their March Projection of 4.6%. In fact, they’ve signaled that they expect rates to stay higher - for longer - even throughout 2025 - at 4.1%.
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice.

[@GrahamStephan]

Here is a link containing the source material for each piece of research cited. I do my best to make my videos as accurate as I can, and the additional resources should help anyone who wants to look into them further - enjoy! docs.google.com/spreadsheets/d/14g9Y8Jnc7P29x23vH55ktOxCv6GVZCKnzFoI23_Li8Y/edit?usp=sharing

[@desultorilypanacea]

❤

[@TheRandomEmerald]

A yottabyte (YB) is 1000^8 bytes.

[@joshkreiser3776]

Rip grahams gf meme

[@paldri]

Dont worry. It’s transitory. 🤡🤡

[@LawPope]

Why there so many scammers in your top like messages trying to sell crap coins? All of a sudden scams infested your feeds.

[@samuelgarcialopez6647]

Graham I have $2700 frozen in Yotta, help!!!

[@MegaLoquendo2000]

​@@petergriffinson1907who's Peter Griffinson

[@bluetiger5064]

He doesn't care

[@Brimbino]

He doesn't care

[@editorjohn8803]

Didn't he get some of that? Why would he wanna help? You're in his master plan

[@user-sp5rc4vj3p]

😂

[@ThePPIUnderground]

This comes from a fan and follower; You need to discuss as much as you can about yotta. I mean this with no inflation of emergence; This chaos unresolved will ruin your media career. I mean this with no disrespect as I assume your getting railed as much as the community but ask your lawyer what you can discuss. You'll lose everything hiding behind other headlines. Heed the warning, from someone who respects you and understands this mistake wasn't your fault.

[@tatianastarcic]

I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat

[@berniceburgos-]

I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.

[@nicolasbenson009]

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.

[@BridgetMiller-]

This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now

[@nicolasbenson009]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@Michaelparker12]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@NisYT]

Graham I've been watching you for many years and have learned a ton from you. you give tons of great information. I think many of us are just disapointed that you never seem to talk about failures on your part. I hope in the future you can maybe let people know there's always a risk.

[@Byebyesmeow]

The problem isn't the current rate of inflation but rather how much everything already inflated... People don't understand that inflation going down doesn't mean deflation. Without a recession or depression these prices are here to stay

[@CesarHinojosa-if8iq]

I think that if Donald trump win by February next year there is going to be a recession or depression

[@Litterbaux]

I hear this all the time from my uneducated associates. Inflation went from 3.6% to 3.4% so prices are coming down, no they aren't. Yes this is a good directional move but prices are still going up but they are going up at a slower rate. This kind of thing isn't taught in school and the media has everyone so brainwashed to just believe anything. Not many people are going to take time out of their day to educate themselves, so here we are.

[@TheHobbyShop1]

You’re 100% correct.

[@tmdrake]

Depression will happen.

[@stevenporter863]

They should have zero interest rate cuts on 2024. Maybe one in mid 2025 if inflation behaves. Inflation is compounded - people don't get that. Inflation decreasing is not deflation - prices still increase, but a slower rate.

[@elizabeths.3634]

Congratulations on the marriage. Happy for both of you. Some time after you come back, I hope you will address Yotta at some point. To be perfectly clear, I in no way put the blame on you for that mess. I thought you bowed out on that a long time ago when you made the video about it being something that is losing money. Still, so many people are asking for it in the comments. As for myself, I already took most of my money out of my account last March when they made some changes I HATED. The only reason I didn't close the account completely was because I still had some treasury direct bills coming back to that account.

[@milesbenedicene]

No rate cuts are coming. Just job loss and pain, unfortunately. This is the same talk from 2006

[@griddd100]

So gram thinks if he ignores the problem itll go away.

[@DaWAFFLES1]

Well paying jobs: gone Everyday items: expensive Layoffs: frequent Government: “Best economy ever”

[@kevkamo6289]

…”Jack” 🤪🍦

[@shannon4386]

We're about 50/50 with likes & dislikes. The fanboys are working hard.

[@MycketTuff]

Cult followers*

[@cheekytakes]

Congrats, Graham! Would love a video of whether you’ve decided to combine finances with the wifey and file jointly or if there’s benefits of separate accounts and filing separately.

[@vicitfidelis1277]

File together but keep separate accounts if you both work.

[@DThornDigital]

I'm broke ASF 😢

[@gcard2112]

Congrats guys!!!❤

[@richhands5269]

My three favorite channels: Graham Stephan, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

[@cag19549]

And only one of them has financial credentials. Congratulations

[@Hunter_yt-gaming1]

papexnova is next atleast 40x coin, upswing better than PEPE

[@giovanni4399]

The amount of BOT comments is INSANE !!!!

[@genericdeveloper3966]

It likely means Graham doesn't turn on bot filters. Perhaps so the bots he wants can also post? Not sure.

[@amanbazel6854]

Congrats. Wish the best for the two of you!!!

[@danilosoares9279]

Congrats! Enjoy your family!

[@user-sw9rk1wg6t]

Love the update. Watched you and news girl for two takes.

[@geserbgalt]

14:14 that was an extremely casual update! Been watching you for years, congrats and spend a well deserved time with family!

[@Tankeddrinkwear]

Just the hand gestures alone makes me not want to watch his vids!

[@Tankeddrinkwear]

Even if he’s doing hand language, it doesn’t mean anything. Just rich people shaking their hands!

[@MistahFluffay]

Congratz Graham !!! Been following since like 2020. Happy for you my man.

[@arohisingh9216]

Let's goooo PAPEXNOVA !!!! 🐸🔥🚀

[@DiabloDude]

bot

[@Dustyone23]

We are experiencing stagflation, have been experiencing stagflation, and will continue to experience stagflation.

[@juanwilliams3423]

Sounds about right

[@WhatIDoAsChris]

You know what sucks, is graham used to reply, like, or heart EVERY comment. After FTX and now the YOTTA bank stuff I never see him in there. It’s aggravating coming from a HUGE long term fan when this was my favorite channel for everything financial/credit/real estate. But the radio silence (probably due to NDA’s, and legality of everything) is kinda betraying to the people who would listen/invest/etc. I hope everything clears up and gets back to normal and you’re able to speak on it. Even if it was what we want to hear, I’m sure people would feel SOMETHING if there was a shred of sympathy . Good luck brotha

[@marksletters]

I love it when someone says, “food is seasonal”. Because in reality, most everyone buys food…in all four seasons !! Hahaha

[@emilyrose7016]

BIG CONGRATULATIONS to you and the Mrs!!!! So exciting! Enjoy your time away!!!

[@MomoHitsujiOwO]

Congrats Graham!!! Enjoy your time off🎉

[@randysmith457]

Congratulations happy for you graham

[@manuelchavez4010]

Congrats on tying the knot, Graham! Best wishes to your new family 🎉

[@Edward-np4ih]

Very entertaining like Seinfeld about "nothingness". LOL

[@bannurnandeesh1637]

Congratulations Graham, you look happy

[@moomoo5198]

Not yotta? Why this and not yotta?

[@Skyluhz]

CONGRATS GRAHAM ! 🎉

[@josh-bodnar]

Congratulations on your marriage!! 🎂🥳🍾Have a nice time with your family.

[@arthurpowers3724]

Great graphic here in this comment, fun metaphor!

[@genaro322]

Bro , my money 😢.

[@PatamaGomutbutra]

People will more and more get enlightment that buying and owning a home in current ridiculous economy is not pleasurable. The spending of homeownership up faster than home in the next dacades.

[@Cormonkey18]

We will see more building and loan banks pop up again like the pre 1940s more locally owned banks that help get people in houses at lower rates

[@firstlast8258]

​@@Cormonkey18speak for yourself

[@MASIveIndustries]

Anyone else notice the first 25 seconds of the video Graham’s shirt goes from party time to “we might actually be f**ked…” Edit: Also PTO not approved…🤣

[@ThatGuyInBlueRoom]

Price of time story of interest is a good book on why "higher for longer" is the wiser move

[@mikejones8667]

Thanks as always! Enjoy your time off, we all need some time off

[@lidam]

All he is saying, don’t worry just work smarter and you will be ok for the next 50. I agree with him about Wendy’s discount as well. Great job!!

[@tammybarlekamp6500]

Congrats Graham🎉 all the best to you and your new bride❤❤❤

[@shannonatkinson4444]

You are a sell out to agree with the cpi.I am unsubscribing you changed and now are one of them

[@aarondidner-personal7843]

Love the summary in video description

[@phedrabrown6347]

Congrats!!!🎉🎉

[@robertbrotherton9338]

Congratulations 🎉 I’ve really enjoyed your videos over the years. Keep it up

[@sciascia66]

This is the calm before the storm.

[@phyllissong]

Okay, so inflation's chilling out a bit, but those housing prices are still wild. Guess it's good the stock market's doing okay, but those big companies holding everything up are a little concerning... Lots of numbers flying around, but I'm hoping things keep moving in the right direction!

[@markrausch7393]

Hey Graham, huge fan! I’ve been watching your videos for years now and want to say thank you for all of your hard work to help me learn finances and I take everything you say to heart, like that time you bought a bank and I put my entire savings into it. If you can just tell me how to get that money back now it would be appreciated 😊

[@chancestack]

Damn gram this should be common sense but people don’t understand ha ha love it great content

[@rdgale2000]

Talk about dropping a bomb shell! Congratulations on your marriage! In my opinion, for me, that must mean the economy is looking up for you yours! Thank you for sharing the video with us, and for the great news!

[@TheBomwa]

I feel like excluding food and energy from inflation is a little disingenuous. That makes up half of my budget.

[@Zer0Log1c]

Love the quick content! Feeding the algorithm with a comment as well

[@albaandino7670]

Congrats enjoy family time, there is nothing that matter the most !

[@Loorp]

The X factor is the US debt spending. Since G is part of GDP, and we can print, we can literally spend ourselves out of a recession. Deficit spending is record high right now, which is very risky.

[@robsales79]

Congratulations Graham 🎉

[@ryanstevens2722]

Did he marry Jack? At the end if the video he says he got married but didn't say to who.

[@kratos55m]

Dear Graham Stephen please remember that during 2020 record profits in the stock market did not correlate with the labor market, job market, or inflation whatsoever, they were 100% independent of these factors showing America just how reliable these measurements were moving forward in the Age of technology, digital era, and ai, it showed that companies do not care about people, only profits and that the profits would continue to soar leaving almost all of Americans behind to suffer with the help of tech, ai, and digitization of labor and services. This major issue is not being addressed or talked about at all, companies are using AI, and laying off employees, and hiring less and less, and then selling our goods and services to the highest bidder and taking it to overseas displacing Americans in record numbers for jobs and income for the economy. These same companies would pay little to nothing in taxes, extract maximum profits and resources and services from the gov., and giving nothing back into the economy or America.

[@jerryr2278]

Congratulations!

[@NTDang]

Congratulations Graham !

[@SF-fb6lv]

Seems like a good opportunity for the Fed to 'renormalize' rates to (higher) levels that will provide the Fed with more control if they need to accelerate the economy later by lowering rates.

[@shanep2760]

Congratulations!!

[@CodyDIY]

These “rate cuts” are already being priced in. I think we’ll see a 5-6% dip when we do actually get those rate cuts

[@Boostguru]

Congrats on tie'n the knot, Graham!

[@tokyojon4344]

Graham: The report you gave is, I believe fair. Did not know that so much of the market is held up by only three stocks: Apple, Msft, and Nvidia. To me this is extremely risky. Also, congrats on your marriage.

[@YOYLE_CAKE2553]

WHERE IS THE HOUSING CRASH YOU HAVE BEEN TELLING US ABOUT, GRAHAM??😂

[@minkz1858]

Congrats Graham! Enjoy the time off you've earned it!

[@GigaChadow]

Congrats on the wedding! Enjoy the time and each other, I’ll be excited to see the content when you get back 👍

[@roverceb]

To the drama guys. He gets sponsored, pocket $, carry’s on. You back in the past, thinking you have found something you good at. Moaning. Forget anything. That’s for the past. Take action and move forward. They have many steps up ahead..

[@Ttow49]

It's simple, a bunch of idiots have been over paying on everything stocks, automobiles,houses and now the bill is due and nobody can pay it

[@smizzzy1240]

This is how I feel. I don’t see how stocks, home prices, etc keep going up with all this high interest debt skyrocketing. Feels like a massive bubble waiting to pop. People are clearly spending a ton of money, but my guess is it’s on credit cards.

[@slick1737]

Thank you for always being quick to come out with this information. You're appreciated.

[@jeffscalfano3100]

I was just thinking: Graham, you need to fasten that top button & then poof there it was. I felt like a Jedi. That being said, i might have liked the top button open😉

[@rachelzip3144]

Aw congratulations!! I’ve loved seeing your channel evolve over the years. Have FUN and enjoy your time with your wife!

[@tylercox6483]

Congrats young thug, and thank you fer learning me so much. Hopefully you can be as beneficial is her life as you’ve been in mine!

[@TheJuliodarian]

Graham, I’d love to hear your opinion on “The Millionaire Fastlane”. Interesting book.

[@cellsvelocity3254]

Can we get a picture of a turtle 🐢 with a birthday party hat 🥳

[@乂]

When Graham’s shirt is unbuttoned, he means *business*

[@williamvea4418]

Congrats man!

[@beth3535]

Prices are coming down but not meaningfully. The stores I’m continuing to use for the short term have lost my loyalty.

[@NetKnowHow1]

How can the economy in the US be good or better when then petro dollars are coming back to the USA and the BRICS countries are selling off US Treasuries for gold and silver (with those dollars coming back to the USA as well). All the stock markets, housing real estate and commercial real estate are inflated or off the mark respectively. All the inflation can be felt with food, energy, and housing that are not in the CPI numbers. Nothing is going well in the US economy. In fact nothing is going well in any G20 economy. What is Russia's debt to GDP? That looks better than any country so far. Liquidity is out to lunch, the cost of the US debt is rising too and surpassing the cost of the US defence budget. There is no bright light here. Just gloom and doom. I for one am not fooled by what the governments are pushing over us. They need to protect the banking from bank runs and so they drip BS.

[@restandrelaxation4039]

Good to have ya back Graham!

[@77magicbus]

If he just got married how come he isn't wearing a wedding ring?

[@stoodlobster1843]

I never comment but CONGRATS BRO🎉🥂🎊🎊🎊

[@jedramsey1419]

Congrats Graham on your new marriage! Enjoy your time off the next weeks

[@TonyArjona]

Congratulations!! 🥂

[@BrianJoslyn]

Have a great next few weeks, Y😎!

[@kellyhou9594]

Hi Graham, be strong, there is always hater out there. At the end of the day, people need to be responsible for the financial decisions they made. Be healthy.

[@isaicalderon5371]

Is he not saying anything because he is suing coffeezilla?

[@gy6100]

Suing for what

[@kfed8599]

Graham, what're your thoughts on Bitcoin? Would love to here if you're invested or not and what you think about it in general.

[@razack7883]

Don’t worry Graham. I know your heart is in a good place ✊🏿

[@rn87mom94]

We will be lucky if we get a quarter percent cut this year at all.

[@TheRealEstateMix]

We wanna see those percentages keep going down!!! 👏

[@nobleinger3586]

Congratulations !!! 🎉🎉🎉

[@mikenuno5428]

Congratulations dude!

[@mikenuno5428]

Sorry I don't see your number, I got no idea what I did but I couldn't see the number again 😞

[@thomasfrackiel5768]

Congratulations on your marriage Graham! Wishing you and your spouse a lifetime of happiness!

[@MycketTuff]

Another mindless cultist wishing a total stranger happiness while probably neglecting his friends and family.

[@paulgarcia7338]

CONGRATULATIONS!!

[@morenogm1]

🎉 congratulations!!!

[@boblast5582]

how is inflation 2-3% when housing prices have more than doubled, food prices has like 10x's (exaggerating a little), car prices have gone up 25%, etc... where is this 2-3%? not being sarcastic, genuine question

[@munalemj]

one of the richest people in the world gets free mcdonalds for life.. lol