If meat prices go up any faster.. theyll be going back in time#cattle pic.twitter.com/7ANY4XM9Pb
— AGTrader (@agtrader) August 20, 2025
The Fed can only justify rate cuts with one datapoint:
The labor market.
But, the Fed just said they see inflation risks outweighing employment risks in the Fed Minutes.
As we saw in September 2024, the Fed cut by 50 basis points and immediately “blamed” the labor market.
If…
— The Kobeissi Letter (@KobeissiLetter) August 20, 2025