In the US April’s 2.3% CPI still above the 2% target set by the Fed years ago. The Fed isn’t fighting inflation. That . What they’re really fighting now is a collapse in confidence in the bond market, the dollar, and in the entire public sector. Currently the US is in a stage of stagflation.
The Fed is attempting to preserve confidence in the US, primarily in the debt market. There are cash deficits of over $1 trillion per quarter. Moody’s recently downgraded the US and no longer believes that Treasuries are a certain bet. The government is broke and the Fed must maintain the illusion of solvency..
The Coalmine canaries not lookin too flash
XJO - Bear Posts only (Factors which might cause the markets to fall), page-22698
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