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4:29
What today's CPI means for the Fed
Gary Cohn, IBM vice chairman and former NEC director, joins 'Money Movers' to discuss if Thursday's CPI data is enough for the Federal Reserve to cut rates, if the economy can get through this cycle without a recession, and more.
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The CPI measures changes in the price of a 'basket' of goods and services, which measure what households are spending in capital cities. This 'basket' covers the following 11 categories of goods and services: 🟢Food and non-alcoholic beverages 🟢Alcohol and tobacco-Clothing and footwear 🟢Housing 🟢Furnishings, household equipment and services 🟢Health 🟢Transport 🟢Communication 🟢Recreation and culture 🟢Education 🟢Insurance and financial services | Australian Bureau of Statistics
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