The recent inflation data indicates that the hope of the FED "pausing" it's rate hikes...so Wall Street can rally wildly next month...is over.
The truth is that the US Dollar is so sturcturally weak that the FED will be lucky stop raising rates at the end of this year! Clearly for the Dollar to remain viable as a global currency...FED funds will have to go to 7% or 8%...just to "soak up" the hyperliquidity of the Greenspan Years.
Still the financial media persists in creating hype and hot air about the true nature and causes of the current dilemma...
