The Fed Has "Absolutely Zero Confidence In Their Ability To Forecast Inflation"

A pivot ahead? I’ve got a bridge to sell you!. “Transitory” proved transitory to those confidently walking off a cliff they couldn’t see ahead of them ‘because we don’t have cliffs anymore’. Then, the key fingernail they dug into the cliff-face was “pivot ahead!” to allow them to clamber back up onto solid ground.

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