Wall Street Unplugged - Your Best Source For Finance, Investing & Economics

What a busy time of the year… for gymnastics. I kick things off with a rant on why kids' sports are a racket… and how they’re failing to prepare kids for the future.   I also rant about how inflation is hitting prices everywhere—even the games at Dave & Buster’s.   Fed Chair Jerome Powell is in front of the House Financial Services Committee today after testifying before the Senate yesterday. I highlight how much Powell’s tune has changed in a month… how his words impacted the stock market… and why you should expect next week’s inflation data to come in hotter than expected.   Be sure to join us for WSU Premium tomorrow, where Daniel and I will share a list of companies that will get crushed as the Fed ramps up its battle with inflation.    In this episode Kids’ sports are a racket [0:30] Inflation is showing up at Dave & Buster’s [9:00] Powell’s sudden shift in tone [11:08] Expect inflation to come in hot next week [14:50] How to join us at WSU Premium (WSUOffer.com) [27:24