FED'S KASHKARI: WE NEED TO AVOID A 1970S-TYPE SCENARIO WHERE THE FED STOPPED RAISING RATES TOO SOON.
Correct even if that means burning down the ponzi scheme
— Darth Powell (@VladTheInflator) August 15, 2023
Jerome Powell trying to save the economy pic.twitter.com/EEWVkD2MqJ
— Not Jerome Powell (@alifarhat79) August 15, 2023
BREAKING: Canada's inflation jumps to 3.3% in July up from 2.8% in June.
Gas, mortgages, and an 8.5% surge in food prices caused the spike.
Why care?
Canada paused rate hikes in January, only to restart due to runaway inflation.
Could the U.S. face a similar situation?
— Genevieve Roch-Decter, CFA (@GRDecter) August 15, 2023