The Fed's worst nightmare has begun:
— The Kobeissi Letter (@KobeissiLetter) October 10, 2024
1. Core CPI inflation rises to 3.3%, the first increase since March 2023
2. 258,000 people filed for unemployment this week, above expectations of 230,000
Once the September jobs report is revised sharply lower, it will reveal the Fed's…
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And the band played ragtime…
As the Titanic was slowly sinking into the abyss.
Interest rates will not reduce inflation caused by excessive money printing. Printing money and handing it to the Feds hedge fund cronies, eg Blackrock WILL cause inflation.The Fed is criminal and needs to be dealt with as such.