economy fed fomc

FinTwit Loses Mind As Hot Core Inflation Print Embarrasses Jay Powell

At this point, Jerome Powell is used to being mocked on Twitter.

At this point, Jerome Powell is used to being mocked on Twitter.
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8 comments on “FinTwit Loses Mind As Hot Core Inflation Print Embarrasses Jay Powell

  1. Anonymous

    “Subdued” inflation is the most misreported financial story of the last decade.

  2. Inflation once it appears, may not be controllable. When the Dollar drops, look out!

  3. jamaican

    and yet the Dow just hit another all-time high…
    which “should” not have happened given that equities continue to trade on CB accomodation.
    btw still waiting for the presidential tweet taking credit.

  4. Harvey Darrow Cotton

    Asset inflation that leaves the majority of Americans who do not own stocks behind and makes homes unaffordable for many, stagnant real wages, and now increased consumer prices. And people wonder why populism and anti-Establishment anger are rife.

  5. jamaican

    it’s not the rise of populism that’s surprising (sad as it might be, though).
    What never ceases to amaze me is the fact that the anti-establishment anger led people to vote for the epitome of everything they profess to despise.
    I still want to refuse to believe that it’s just because he, too, hates brown people.

    • Anonymous

      It’s not you or brown people, as a narcissistic psychopath (some say sociopath, which Putin is)he has no empathy for anyone, save himself and his spawn.

      Powell’s previous June caution has now been demonstrated as warrented by today’s increasing inflation numbers. He just ‘blew it’ in Congressional testimony yesterday by setting the stage for his compliance to Trump’s tweeted orders to lower interest rates and lower the dollar so Trump could start an ill-advised currency war to complement his failed tariff war.

  6. Anonymous

    The chart shows that one “hot “print doesn’t mean much. Let’s not jump to conclusions just yet.

    • Anonymous

      16 straight months of YOY core prints at 2.0% or higher. I don’t think that’s jumping to conclusions based on one print…

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