Neil Freiman
speaker
21,181 appearances
118 recordings
2 series
first heard Feb 2025
last heard 2d ago
Neil Freiman’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 116 in all, peaking in Jul 2026 with 22.
Appearances
Yeah.
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And Warsh spoke about that.
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He said this summer's inflation readings do not tell me that underlying trends have meaningfully improved.
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He noted that too many categories are still posting
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increases above 3% on both a 6-12 month basis.
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And I found these anecdotes about how oil prices seep into broader inflation really revealing.
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We've talked about how oil prices are now above $100 a barrel, but that really does influence everything in the economy and raises prices across the board.
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A bunch of business owners talked to the Wall Street Journal about how
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oil prices does create higher prices and costs for their business and these are you know a wide array of industries there's this company ambix manufacturing in new hampshire that sells plastic components to power distribution companies the thing is
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Their resin that is used to make this chemical substance that goes into their products is created through crude oil.
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So this summer they've had to increase prices 10% to 21% on all of their products.
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Then there's this farmer in rural Pennsylvania, the cost of trucking hay from three counties away.
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is now up 15%.
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Campbell's is raising prices on more than half of its portfolio.
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And Clorox, because their Glad trash bags are also made from resin, is increasing the cost of their Glad trash bags that you buy either on Amazon or at your local convenience store or supermarket.
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All of these things are influenced by crude oil prices, which is why the run-up from 60 to 100 is influencing everything across the economy and why you're seeing Kevin Warr say, inflation is much too hot, I need to raise interest rates, and it's not going to be the last time they do it.
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Moving on to news that might help cushion the blow of that rate hike, Americans are richer than ever.
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According to the annual census report on financial well-being, median household income rose 2.6% last year to 87,460, a new record and eclipsing the high-water mark from right before COVID.
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Meanwhile, the official poverty rate fell for the second consecutive year to reach a new all-time low.
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10.2% of the population was in poverty, down 0.5 percentage points from the previous year and the lowest level on record.
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Showing 901–920 of 21,181 · page 46 of 1060
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