Peter Schiff Takes A Brutal Dig At Fed, Illustrates Real US Inflation Using Disney+ Price Hikes: 'Thanks, Powell'
Portfolio Pulse from Ananya Gairola
Economist Peter Schiff criticized the Federal Reserve's inflation management strategy, using the recent price hikes of Disney+ and Hulu as an example. Schiff sarcastically thanked Fed Chair Jerome Powell for bringing inflation 'close enough to 2%' to initiate interest rate cuts, suggesting that if inflation were still around 5%, Disney might have increased prices by 50%. Starting October 17, Disney+ with ads will cost $9.99 per month, a 25% increase, while the ad-free version will rise by 14% to $15.99 per month.

August 07, 2024 | 8:02 am
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Disney is raising prices for Disney+, Hulu, and ESPN+ starting October 17, with Disney+ with ads increasing by 25%. This price hike could impact Disney's subscriber growth and revenue.
The price hikes for Disney's streaming services could lead to increased revenue, but may also impact subscriber growth. Investors should monitor how these changes affect Disney's financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100