New CPI Shocks Market...Are The Fed's Rate Cuts Over?

Unexpected inflationary pressures are shaking up the market, leading to essential discussions on the Federal Reserve's policy decisions. Historical inflation patterns from the 1970s and 2007 provide intriguing lessons for the future of the Consumer Price Index. The conversation dives into how base effects could skew CPI readings while unemployment rises. Predictions for rate cuts emerge against these historical backdrops, painting a complex picture for both inflation and the labor market.