PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia discusses the economic data coming out for the month of May.
“One of the very interesting pieces of news—good news, I might add—is what has happened with a key indicator. First of all, the consumer confidence index came out. It came in at 127.3 compared to expectations of it going down from 120 to 118.7. Frankly, I thought it would go down compared to the May consumer confidence index because all the other numbers that came out last week indicated that this would likely go down.
“The other interesting piece of information is a key indicator in reference to peak inflation fear. When we look at this, we would assume that there isn’t an inflation problem this year. The difference between treasury yields and the inflation index from bonds of the same duration is known as the breakeven point. And when we look at that, we see it almost breaking even, but inflation is here, and it’s here to stay. That will impact consumer spending, though government spending is still running out of control. And that must have markets concerned. There is also concern about whether or not the infrastructure deal is going to get done.”
Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on more than 660 radio stations and several television networks nationwide, including FISM.TV, viewed on several post-cable television platforms and online.
Read more about Celia, FISM and “Financial Issues” or visit the FISM website, its Facebook page, on YouTube at Financial Issues with Dan Celia or on Twitter @financialissues; download the FISM app here.
To book Financial Issues Stewardship Ministries’ Dan Celia, contact [email protected] o