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US Inflation Promptly Undershoots After Fed Raises Forecast
In a fortuitous -- if ironic -- development for a panel of technocrats who just marked up their core
The Fed doesn’t have PTSD from Trump berating them to cut rates constantly?
Have to love the irony.
A street comment: “The Fed does not have a sticky inflation problem, and the marking up of the inflation profile for 2025 that motivated the December two cut baseline instead reflects the Fed pre-positioning for Trump shocks.”