Anyone check the fake inflation today?
bidenomics is humming baby!!! 4 more years!!
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This should come as a shock to buck our Nobel Econ winner for his Sugar Bowl Ticket Index. Who knew that borrowing trillions and then printing money for the deficit and interest payments was inflationary. Time for QE 100 and some rate cuts.
... thanks to a boiling inflation print which saw every single CPI metric coming in hotter than expected - was a shock, not because it reflected reality, but because it effectively sealed Biden's fate because as Bloomberg's Chris Antsey writes, "obviously, this is very bad news for Joe Biden... we’re approaching the point where high inflation is bound to still be in voters’ minds when they head to the polls, regardless of how the price figures come in over summer."
With that in mind, here is a snapshot of kneejerk reactions by various other Wall Street economists and strategists to today's print courtesy of Bloomberg.
Morgan Stanley economist Ellen Zentner is the first sellside to warn her June rate-cut call is in jeopardy:
“The upside surprise in core CPI is moving the inflation data further away from the convincing evidence the Fed needs to start cutting in June. Dependent on the PPI data tomorrow, this print tilts the Fed toward a later start to the cutting cycle than our current forecast for June.”
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Joe Rogan may be right. He says Biden gets dumped in May
H, MelloDawg, and buck may want to start defending Newsom to the death. Never too early
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Similar to DEI spending.
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Remember when @huskybuck lectured us about Trump and the Fed independency?
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Yeahbut imagine how much worse it would be without that $24 billion (is the Leftists’ answer).
Like H and his ‘inflation is falling because it’s increasing at a lesser amount’ idiot fuel.
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“Why pressuring the Fed is good.”
