Jay Powell vs. Ronald McDonald? The FOMC yesterday published the minutes of its July meeting which showed a majority of officials believe inflation is the country's greatest threat. So, it was a huge shock when the world's biggest fast-food joint reported - ON THE SAME DAY - it was doing the opposite. Even the FOMC "majority" isn't as solid as it is made to appear, as the minutes also contained one observation that really does align with these real economy facts.
Eurodollar University's Money & Macro Analysis
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FOMC Minutes for July 2025
https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20250730.pdf
Fox Business McDonald's to slash combo meal prices to win back budget-conscious shoppers
https://www.foxbusiness.com/lifestyle/mcdonalds-slash-combo-meal-prices-win-back-budget-conscious-shoppers
CNN McDonald’s is cutting prices of its combo meals to convince customers it’s affordable again
https://www.cnn.com/2025/08/20/food/mcdonalds-combo-lower-prices
Bloomberg Fed Chair Contender Bullard Backs 100 Basis Points of 2025 Cuts
https://www.bloomberg.com/news/articles/2025-08-21/fed-chair-contender-bullard-backs-100-basis-points-of-2025-cuts
Bloomberg US Stocks Extend Slide as Walmart Misses, Jobless Claims Rise
https://www.bloomberg.com/news/articles/2025-08-21/us-equity-futures-fall-as-walmart-misses-jobless-claims-rise
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
