Garland Testifies, Federal Reserve Preview, UAW Strike Consumer Impact

This podcast episode analyzes the Federal Reserve's cautious approach towards raising interest rates to tame inflation while avoiding a recession. The Fed is likely to maintain current rates for now but may signal potential future hikes. The auto workers' strike has raised concerns among car shoppers, with some predicting increased prices and supply issues. Experts advise considering individual needs before making car purchases during the strike. The discussion highlights contrasting viewpoints on the impact of the strike on car prices, acknowledging both potential disruptions and the current stable inventory levels. A potential prolonged chip shortage may result in reduced sales, fewer discounts during the holiday season, and a slowdown in the used car market.