The Fed's Signals for Inflation

The Fed has been signaling the same thing Wall Street's been signaling, right? They took off the table the idea that there'd be a recession later this year. But now if you look at what's been happening, especially with gasoline prices, up almost 6% in a little over a week. This is going to filter through more and more to inflation. The last four rate cut cycles have only occurred under one scenario. And they will only cut rates when everything goes sideways. You don't want to own anything when things start going sideways.