When inflation for core services is as high as it is now, it isn’t serious to say that inflation is under control.
Like really.
The conditions over the past six months aren’t significantly than the conditions that lead to the spike in the first place.
There is zero reason the Federal Reserve should consider cutting rates now.
Hot take: it will take a recession to get this wage-inflation spiral under control.
You know that, I know that, the Fed knows that.
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P.S. We discuss why it is too early to call victory over inflation in today’s edition of Ecoinometrics.
Check it out.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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