The economics of living are getting absurd! Jim Bianco: Inflation will be sticky, the Fed will have to stay aggressive & Wall St won’t like that. The Fed pivot is DEAD!

Fox Business, Released on 8/17/22

BIDENFLATION: Sky-high inflation is here to stay — so brace for the Fed to stick to its guns on tightening, renowned economist says. “I don’t think a very soft touch of very mild increases in interest rates will put a stop to what is going to be an ongoing inflationary pressure.”

https://twitter.com/WallStreetSilv/status/1560039548733640704

Biden Inflation Act Promises Tax Credit Worth Up To $7,500 For New Electric Vehicle Buyers – Ford Increases Price Of Electric Vehicles!

Low velocity of money is a problem when you are trying to kick start growth (what we have had in the last decade). Now as the Fed tries to slow things down, velocity has started moving up again. This IMO will be another inflationary problem pic.twitter.com/44gps31ZC3

— Menthor Q (@MenthorQpro) August 18, 2022

While the #Fed is trying to #tighten monetary conditions to slow #inflation, the #market is undoing that work meaning the Fed will have to go further than expected to achieve its goal.
Financial conditions have eased markedly over the last month. pic.twitter.com/WdUhnbchXv

— Lance Roberts (@LanceRoberts) August 18, 2022

The Fed Pivot is Dead — June Fed Fund Futures Rates now trading higher than February Fed Fund Futures Rates pic.twitter.com/NsXsq6lOrX

— Michael J. Kramer (@MichaelMOTTCM) August 17, 2022

FED'S BOWMAN: SOME RETIREES MAY FEEL COMPELLED TO RETURN TO WORK DUE TO INFLATION

— *Walter Bloomberg (@DeItaone) August 17, 2022