Neal Freiman

speaker

14,692 appearances 180 recordings 1 series first heard Nov 2024 last heard 11 Jun

Neal Freiman’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 42 in all, peaking in Feb 2026 with 9.

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Morning Brew Daily · Inflation Hits 3-Year High & Escorts Cash In on AI Boom · 11 Jun 2026 podcast

Will higher diesel prices mean that trucking companies have to raise their rates and then food companies who are bringing in the supplies have to also raise prices on the grocery shelves in turn?

Whether that trickle-down effect was happening was the big question, and the answer is not really.

I mean, we saw a huge spike in energy prices, but really very tame inflation across the board.

Elsewhere, grocery prices, something that everyone was watching, rose just 0.1%.

Food in general was up just 0.2%.

So if you exclude energy, it was a very tame inflation report.

The problem is we all pay for energy.

So for the policymakers like new Fed chair Kevin Warsh,

This was a pretty benign inflation report because perhaps that energy spike will go down.

But for the rest of Americans, you can't just say, well, I'm excluding energy from my overall inflation basket because that's something I still pay for.

Yeah.

So the bottom line here, though, for the average American is this is the second straight month of negative real wages in which inflation is outpacing earnings over the past year.

So the headline inflation was 4.2 percent over the last 12 months ending in May.

But average hourly earnings rose only 3%, 3.4% over the past year.

So that means your take-home pay is getting beaten by inflation.

So your actual earnings that you take home are negative.

So there's a lot of doom and gloom around the American consumer right now.

You look at every consumer sentiment report, consumer confidence, and they're in the dumps while we're seeing the stock market go to new highs.

Well, if you're looking for a reason for that gap, it's because for two straight months now, there's been negative real wages because of higher inflation.

Now, President Trump had a very interesting response to the inflation report they asked him at the White House.

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