Debt seems to be bipartisan. pic.twitter.com/WxZlPf2woG
— FIATFIRE 🔥 🔥🔥 (@fiatfire) September 20, 2023
If you print $4 trillion … that type of impact on real income is inevitable. Inflation over the past 3 years had run much faster than income growth, as a result we are overall losing buying power.
Even if inflation comes down, we probably won't makeup those losses. In fact,… https://t.co/RCtfn21h8w
— Wall Street Mav (@WallStreetMav) September 20, 2023
POWELL SPEECH SUMMARY⚠️
1. The majority of Fed members expect there to be another rate hike this year.
2. A soft landing is not the Fed’s baseline forecast.
• Powell did emphasise that this is what they hope for
3. Policy is restrictive but Powell not confident that policy…
— Macro Dose (@macro_dose) September 20, 2023