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Podcast: Talking Business with Leon Gettler
Episode: Talking Business #7 Interview with Tim Rossanis from Turo
Description: Much to the dismay of Fed Chair Powell, US CPI is HOT. Headline CPI inflation increased 3.2% Y/Y, accelerating from 3.1% in January. After this data, Fed rate futures are pricing in only 1% odds of a rate cut at the next FOMC meeting. It also dents Biden’s re-election chances.CreditorWatch has warned more businesses will go under in the coming months as cost pressures from interest rates, inflation, wages and labour shortages bite deeper with payment defaults hitting a record high in February.Billionaires such as Clive Palmer and Mike Cannon-Brookes will have th...