Wouldn't Be Surprised At 10% Inflation

The market will digest the CPI numbers in the coming days and people will realize more and more, it will give the Fed more momentum to raise interest rates, says Octavio Marenzi, CEO of Opimas. I wouldn't be surprised in the next few months if we hit 10% inflation, he adds. He and Nicole discuss mortgage rates, inflation, and upcoming rate hikes. Octavio thinks the financial sector will post revenues down 6-8% in the upcoming earnings season. He also expects small improvements in net interest margin and commercial loans to be 4% lower.