Inflation has now proven to be hotter than expected 5 consecutive times this month.
CPI revised higher for Nov/Dec, Jan PPI above expectations, Jan CPI above expectations, and PCE rising AGAIN.
Disinflation is the new transitory.
We are breaking it down real time.
— The Kobeissi Letter (@KobeissiLetter) February 24, 2023
When will investors realize that the #Fed picked a fight that it lacks the political will to win. The Fed will fail to bring down #inflation but it will succeed in bringing down the economy, financial markets, and creating a financial and sovereign debt crisis worse than 2008.
— Peter Schiff (@PeterSchiff) February 24, 2023