What Is the CPI? What Are the Markets Thinking?

In 2022 the president of the ESRI has determined that a peak in business activities occurred in the Japanese economy in October 2018 and a trough occurred in May 2020. So not only was that a recession they're admitting three and a half years later it lasted all throughout 2019 into 2020 before we ever got to anything with the pandemic. In America in 2019 things didn't go quite the way the Federal Reserve had planned. How do we make sense of today's CPI in the same context of versions, Contango, China are all the other data that says economic weakness? What does it mean with regard to the FomC or do we even care about the FOMC? We'll get to

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