The goal of the FED (Central Bank) is to create a debt spiral that leads to a crisis.
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We are already in a debt spiral. $38 trillion is mathematically impossible to pay off. The only way out is to keep printing paper, inflation and Gold will be on the rise.
Our currency debasement will continue, the USD has already dropped 11.5 percent this year, which means purchases from overseas are now costing 11.5 percent more ( and that is not figuring in Tariffs).
Trump’s moves are meant well I am sure- but there will be a price to pay…” unintended consequences “ will be disturbing to many.
Today’s PCE measurements of inflation was worse than expected. Month to month increase was 0.3% and the core year to year was 2.8% which is rising.
How could one expect an interest rate cut when inflation is increasing, and bear in mind it is likely that the Fed had access to this PCE data yesterday before it became public this morning, so it probably was incorporated into their decision to not cost rates.
For those who have not followed the game, PCE is a broader measure of inflation than the CPI, which is generally constrained to Urban prices.
Note also that the May PCE was revised upwards 0.1%.