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What This Video Is About

The video discusses the current economic situation, highlighting concerns about true inflation and its implications on the market. The Federal Reserve's decision on interest rates is expected to have a significant impact.

Major Ideas Discussed

  • Oil prices have reached $117 per barrel, affecting inflation rates.
  • Housing starts and pending home sales are down, indicating a slowdown in the housing market.
  • The Federal Reserve is expected to hold interest rates, but there is a possibility of a hike in December or March.
  • True inflation is not decreasing as expected, which could lead to hawkish commentary from the Federal Reserve.
  • The outcome of the US-Iran deal could influence the Federal Reserve's stance, with a deal potentially leading to a more dovish approach.
  • The market is expecting a hold on interest rates, with a 93.4% chance of no rate hike.

What to Watch Next

Key developments to monitor include the Federal Reserve's decision, oil price trends, the labor market's stability, and the potential impact of a US-Iran deal on the market.