The Fed has, once again, badly misread the cycle.
The latest Truflation data shows U.S. inflation running at just 1.67%, far below the Fed’s 2% target and a steep decline from earlier in the year.
At the same time, job creation has slowed dramatically, with the three‑month average at only 35K.
By most measures, these are conditions seen at the brink of a recession.
Yet the Federal Reserve continued to hold the federal funds rate at 4.375%, a level that looks increasingly out of sync with the underlying economic reality. The Fed has badly misread the cycle once again.
For months, Powell justified steady rates by pointing to “strength” in the economy and “somewhat elevated” inflation.
But with inflation now well below target and labor momentum collapsing, that stance is quickly unraveling.
The probability of a rate cut has spiked, with markets nearly fully pricing in easing at the September meeting.
The Fed’s credibility is in the air, and the stage is set for a policy reversal that could come faster and harder than most on Wall Street expected.
About 10% of America's life expectancy shortfall is due to motor vehicle accidents—fixed by Waymo and Tesla. About 18% is overdoses—that's fading now.
And the lion's share of the rest is obesity-related.
America will soon be buying its way out of its poor life expectancy issue.
FREE POST‼️
📍Are Rich People Paying Taxes?
One of the great political moves by the left in recent years has been convincing a large portion of America that the rich don’t pay taxes.
Link in post below:👇
Good evening.
If you want to protest anything, protest central bank monetary manipulation that steals purchasing power from you daily. And the way to do that is by buying Bitcoin.
Have a great night.
The Numbers:
3.8% Q2 GDP Growth (Atlanta Fed estimate)
139,000 jobs added in May (above 126,000 expected)
Inflation at 0.1% MoM (vs 0.2 expected) and 2.4% YoY
Trade deficit cut in half
Polymarket odds of recession down from 66% in April to 23% today
Trump approval +6 in Morning Consult, +7 in Rasmussen
Democrat Party approval -49 in Quinnipiac
3/ The workforce is changing. If you delay your progress, you’ll be left behind.
The best time to secure your future was yesterday. The next best time? Now.
1/ The financial stability you have today may vanish tomorrow.
If your company replaces you with someone younger, finding a new role at the right salary will be harder.
Experience alone won’t save you. Adaptability will.
2/ How to future-proof your career:
Learn the latest technology in your industry
Keep upskilling to stay competitive
Invest wisely & build your retirement corpus