CPI was still at 2.9% as of July. I mean, that's not an insane level, but it's above their normal 2% target.
this post was submitted on 23 Aug 2024
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yeah I feel its more of a hold situation but im betting there is some political pressure.
This close to the election a rate cut won't matter. We got our soft landing. Market is happy.
no reason to heat it up then.
Yes, but go look at the breakdown. It is broadly under control. And, that’s a year over year number.
Not seeing this being voted on.
Who would vote on it? The Fed can just do it unilaterally.
All members of the Fed have a vote, don’t they?
Oh, you very well may be right there. I thought you meant a congressional vote.
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https://www.washingtonpost.com/business/2024/08/23/fed-powell-jackson-hole-rate-cuts/