by Chris Black
The CPI number for July was 8.5%, less than forecasted (8.7), and significantly less than June’s 9.1%.
Powell will do nothing that endangers the market between now and the attempted 2022 election steal… until then expect mostly talk.
⚠️BREAKING:
*U.S. CPI INFLATION RISES 8.5% Y/Y IN JULY; EST. 8.7%; PREV. 9.1%
🇺🇸🇺🇸 pic.twitter.com/9HoZ0aPlqM
— Investing.com (@Investingcom) August 10, 2022
Rate hike odds tumble: Sept 75bps odds collapse to just 35%, down from 80% pre CPI pic.twitter.com/t3heOqwhEy
— zerohedge (@zerohedge) August 10, 2022
If you ask me, I watched the post-FOMC press conference; the coward Powell pivoted, PERIOD.
If they ACTUALLY cared about inflation, they would have raised at LEAST 1.00 bps the last 2 meetings. We had 9% inflation and we are at less than 3% fed funds rate.
What does it mean?
They WANT inflation, to crush us peons while making their debt more manageable.
Like Mary Daly said, they don’t even notice it, they’re too rich to care!
As far as Bullard, “cut off a dog’s tail all at once” crap, what is with these monsters and torturing animals?!
I can’t wait until these scum get what’s due for them….and btw, unemployment stats are as fake and fraudulent as the CPI number.