FED In Biden’s Pocket For 2024
The past 2-year inflated (prices) have Not come down!
The inflation RATE (increases) in 2023 moderated somewhat.
The inflation RATE (increases) are back UP again in Jan and Feb 2024!
The FED doesn’t know if inflation will moderate more or not going forward.
What they do know is the election in only 7-months away.
What they do know is that Trump leads Biden in the polls.
What they do know is that projecting:
Not one
Not two
But Three rate cuts will boost the stock market and help public-sentiment.
So – let’s play the Rate Card!
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Problem – the folks most hurt by inflation don’t own stocks and they’re not impressed that ‘fat cats’ will make even more money while they struggle to pay their bills.
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WSJ: Fed Officials Still See Three Interest-Rate Cuts This Year, Buoying Stocks
Fed Officials Still See Three Interest-Rate Cuts This Year, Buoying Stocks - WSJ
Central bankers “expect” (4Q2023)-inflation slowdown to resume and maintain their lower-rate outlook
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