Money printing begins on December 12. How can the Fed cut rates for weakness while claiming growth is stronger than expected? A sign liquidity in the banking system is too tight? Trillions in U.S. debt that expires in 2026. The Fed’s dual mandate has become a dual trap.
https://twitter.com/NorthmanTrader/status/1998841788585365948 Fed Chair Powell: Total PCE rises rose 2.8% over the 12 months ending in September. Excluding the volatile food and energy categories, core PCE prices also rose 2.8%. These readings are higher than earlier in the year, as inflation …