[expat_panama]

...Fed hike was needed to stop inflation as measured by the PCE. It's not there...

you SERIOUSLY think there's no inflation?

That's what I like about hanging around the FR, everyone cares about what I think. The Fed sure doesn't tho, so even while you care so much about my thoughts when it comes to inflation the Fed only watches the PCE.  This is the PCE:

It says no inflation.

[usconservative]

Right, that's because the two most historically inflationary components have been REMOVED: those being FOOD and FUEL.

Factor in WAGE DEFLATION and I guarandamntee you there's inflation, and it's PAINFUL inflation.