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agilmore1080 OP t1_iu4rojh wrote

But how much better are they actually looking? This is from a Reuter's article, "U.S. Treasury yields rose on Friday after data showed underlying inflation pressures remain elevated and suggested the Federal Reserve will keep its aggressive interest rate hiking campaign. The personal consumption expenditures price index rose 6.2% in the 12 months through September to match the prior month's rise. The core PCE price index, which excludes food and energy, advanced 5.1% annually after increasing 4.9% in August."

If the Fed signals a pivot next week there is going to be a blow the roof off rally which will completely undercut what they are trying to do. I'm starting to believe anything is possible but if that's what they do then they truly are completely incompetent and Biden should fire Powell's ass right after the mid-terms.

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