Well, it was always a risk for the Fed to start their rate-cutting path with a highly-unusual 50bps cut, while inflation was still high. But after today's CPI report, that unusual (some would say suspiciously political-looking) move puts the Fed in a difficult bind. In this episode, the Inflation Guy talks about the CPI report and explains how the Fed-Congress quid-pro-quo that has existed for decades now puts the FOMC in a sticky situation.
NOTES
Very important blog post: “What Makes a Stable Coin Stable?” https://inflationguy.blog/2024/10/31/what-makes-a-stable-coin-stable/
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