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agilmore1080 t1_j1r5sns wrote

Not happening. The Fed is fucking pissed because the market no longer believes them and ignores their projections. The Fed isnt cutting until 2024 because they don't want to repeat the 70s Fed mistakes and allow inflation to come roaring back. They won't cut unless there is a massive recession or we hit their target inflation rate of 2%.

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[deleted] OP t1_j1r6c3m wrote

[deleted]

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agilmore1080 t1_j1r7h1f wrote

I'm not going to be one of the guys on here who says CPI is meaningless because it's not but Core PCE inflation is what the Fed looks at a lot more and it has been much stickier and will be a lot harder to get back to 2%.

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