https://www.cnbc.com/2024/04/16/powell-cites-lack-of-progress-thi...

https://www.cnbc.com/2024/04/16/pow...his-year-in-reaching-feds-inflation-goal.html


"Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation

• Fed Chair Jerome Powell said the U.S. economy has not seen inflation come back to the central bank’s goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon.

• “The recent data have clearly not given us greater confidence, and instead indicate that it’s likely to take longer than expected to achieve that confidence,” he said during a central banking forum."

Translation = higher for longer and the next move in interest rates since even the Fed can no longer hide the fact inflation is rising again (despite cooked numbers) is mostly likely a rate rise. Which all means its a long way down and brace yourselves for a very hard landing. When the biggest bubble in history pops you get the biggest crash in history? Who really thought a soft landing was possible lol.