re: US CPI data release today

quote:

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The markets want to go higher and everyone is up 25-40% right now, so I am fine with tbe market moves. The economy is what is concerning, though. Six months from now we are going to be worse off than we are today. If Powell (and admittedly the government with out o control spending) had been doing his job effectively that would not be the case.

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I've said this in other threads, but I think it bears repeating in response to this.

JP & Co were fricking laaaaaaaate to the game on Inflation (*laughs transitorally*) but since they've shown up they've stuck to their gameplan. Whether their gameplan of "OHMYGODPLEASELETUSHAVEASOFTLANDING!!1" is going to work is another topic (hint: it won't, but at least they're looking in the right direction).

While this is going on, the administration and Congress have been keeping Inflation sticky by continuing with irresponsible levels of spending as well as fricking over our primary energy sector (O&G). Expensive energy does not magically equate to cheaper products.

The Fed is addressing the currency devaluation in the wake of PPP and stimmy checks, but they can do only so much when the actions of the administration and Congress are working against them.