‘Soft landing’ narrative nuked: PPI collapsing, nearly 60% of CPI components in deflation, retail sales trending negative. Profit Recession just getting started with 34 companies reporting -6.7% so far…
Non existent credibility cause the Fed is again out of synch with the market and the data.Yields dropping as a new Fed policy error of staying too high too long would kill any soft landing narrative.Powell's got some explaining to …