They Don't Believe You

The Weekly Insight

The Weekly Insight
They Don't Believe You
Jun 17, 2024
Andrew Dorr

The Fed was back last week. And their meeting timed up perfectly with the release of the latest CPI data. Chair Powell and his crew said what everyone expected: they reduced their planned rate cuts for 2024 from three to one. And…no one believes them. Which is a bit of a recurring (if inaccurate!) theme over the last two years.

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