NO CUTS! CLV Fed: Core CPI was 3.2%, median CPI rose to 4.3%, widespread price increases persist.

August 15, 2024 9:20 am by CWR

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These small changes are statistical noise. Price trend is still up and that will accelerate after the September cut.

— The Greatest Degeneration (@1Aerosavant) August 15, 2024

See also Greg Lopez (R-CO) of Musk’s DOGE Caucus says “there will be cuts" to Social Security and Medicare.

See also The combination of the Fed's rate cuts and a drop in RRP usage could set the stage for liquidity strains, potentially leading to another repo crisis similar to what happened in 2019.

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