Every election cycle we hear the same promise, lower prices and lower inflation for the average American, but the reality on the ground tells a different story. Inflation is still sitting at 3.1 percent, and the latest Fed meeting had more dissent than I've seen in years. When multiple governors openly push back, it means the institution is uncomfortable, and for good reason. We are now at a point where the Fed either admits a new normal of 3 percent inflation, which I doubt, or stops cutting rates until inflation breaks lower. I don't see any additional cuts coming out of the New Year, regardless of what any president wants or pressures them to do.
Every election cycle we hear the same promise, lower prices and lower inflation for the average American, but the reality on the ground tells a different story. Inflation is still sitting at 3.1 percent, and the latest Fed meeting had more dissent than I've seen in years. When multiple governors openly push back, it means the institution is uncomfortable, and for good reason. We are now at a point where the Fed either admits a new normal of 3 percent inflation, which I doubt, or stops cutting rates until inflation breaks lower. I don't see any additional cuts coming out of the New Year, regardless of what any president wants or pressures them to do. ♬ original sound - Mr. Wonderful - Mr. Wonderful
