Inflation gets pitched as something inherently good the Fed is trying to make sure folks gets enough of. But someone’s paying the price.
Beatings will continue until morale improves, or something.
The Fed could instantly claim victory and pocket the kudos.
Folks lining up on both sides of the fence.
Oh, it’s here alright.
Where is the Fed’s “U-Turn” that Wall Street promised us?
Wall Street’s fervent hopes and prayers for rate-cut ammo were not fulfilled.
The inflation index the Fed anointed as its yardstick booked two big jumps in a row: May near the top of the range since 2010; April, third largest jump since 2010.
It’s not so stealthy.
The Fed has already accomplished more with its verbiage this year than it had last time when it cut rates all the way to zero and did trillions of dollars of QE.