Coin Bureau: Inflation will rise to 4%

Said on Aug 1, 2023, at 19:31 in the video.

What was said
Coin Bureau

@coinbureau

“throw in Rising food and energy prices and you have a recipe for a CPI that could Spike back over four percent by some estimates”
Watch at 19:31More Rate Hikes?? FED’s Press Conference REVEALS This!!
PredictionInflationwill rise to 4%Checked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Incorrect

Reading when said

3.6%

Aug 1, 2023

Reading at close

3.02%

Jul 31, 2024

Change

−0.58 pp

The call was for inflation to reach 4.0% between Aug 1, 2023 and Jul 31, 2024. Its high over that window was 3.6% (CPIAUCSL, first releases), so the level was not reached.

30 days

Incorrect

90 days

Incorrect

180 days

Incorrect

1 year

Incorrect

The window it was checked over

InflationWindow checkedTarget namedRecession (NBER)
0%2%4%6%8%10%202020212022202320242024Target 4%Said on Aug 1, 2023
0%5%10%2020202220232024Target 4%Said on Aug 1, 2023

Consumer price index (CPI): U.S. Bureau of Labor Statistics via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

Result at every window

All windows are shown, so none is picked
Result at every window
WindowResultAt the startAt the endChangeBenchmark
30 daysR-MACRO-LEVEL v4Incorrect3.6%3.6%Aug 31, 20230.00 pp—
90 daysR-MACRO-LEVEL v4Incorrect3.6%3.21%Oct 30, 2023−0.40 pp—
180 daysR-MACRO-LEVEL v4Incorrect3.6%3.04%Jan 28, 2024−0.56 pp—
1 yearR-MACRO-LEVEL v4Incorrect3.6%3.02%Jul 31, 2024−0.58 pp—
3 yearsR-MACRO-LEVEL v4Correct3.6%3.32%Jul 31, 2026−0.29 pp—
5 yearsR-MACRO-LEVEL v4Pending——Jul 30, 2028——
Why: 30 days

The call was for inflation to reach 4.0% between Aug 1, 2023 and Aug 31, 2023. Its high over that window was 3.6% (CPIAUCSL, first releases), so the level was not reached.

Why: 90 days

The call was for inflation to reach 4.0% between Aug 1, 2023 and Oct 30, 2023. Its high over that window was 3.6% (CPIAUCSL, first releases), so the level was not reached.

Why: 180 days

The call was for inflation to reach 4.0% between Aug 1, 2023 and Jan 28, 2024. Its high over that window was 3.6% (CPIAUCSL, first releases), so the level was not reached.

Why: 1 year

The call was for inflation to reach 4.0% between Aug 1, 2023 and Jul 31, 2024. Its high over that window was 3.6% (CPIAUCSL, first releases), so the level was not reached.

Why: 3 years

The call was for inflation to reach 4.0% between Aug 1, 2023 and Jul 31, 2026. Its high over that window was 4.2% (CPIAUCSL, first releases), so the level was reached.

Why: 5 years

Not yet resolved. The window closes Jul 30, 2028.

What was said around it

see between now and the end of the year could be abnormally high due to the relative comparison CPI could stay exactly where it is but because it had fallen a year previously it would show up as an increase complicated I know the good news is that these base effects have probably been priced in the bad news is that this doesn't change the fact that a sudden spike in the CPI could lead to an increase in inflation expectations for the average person who has no idea what the base effect is this would force the FED to react accordingly throw in Rising food and energy prices and you have a recipe for a CPI that could Spike back over four percent by some estimates in addition to increasing the chance of additional rate hikes it could cause longer term interest rates to spike as investors seek to be compensated for higher levels of inflation in the future this would cause U.S bond prices to crash which could cause volatility across the entire Financial System since U.S bonds are used as collateral for all of the financial loans If the Fed continues to roll off its balance sheet and the treasury keeps selling longer term debt the effect will be magnified then again if there's anything that the

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

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