..Agree, how many times does Powell need to walk back his commentary.
..The truth is inflation can only be 'killed' with a consistent delivery of expectations. If you are told rates are coming down in a few months, it is more likely you are going to spend ahead of when it actually arrives. Because most people are spending ahead of what they could earn or in anticipation of a cut in mortgage repayment.
Self inflicted wound... Powell's pivot (rate cuts are coming) commentary at Oct-end massively eased financial conditions and triggered this uptick in inflation.
