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  • Fed's Daly: One month of data is not victory

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we have big inflation, we have problems in supply, we have a big war in Europe and it can get worst any time....but no problems, buy buy buy...
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It's clear that yields were reaching breaking point, and something had to be done. US was the next UK so here we are. Now we can enjoy the rally for the next weeks, months!
The numbers were barely better than last month or projections. More importantly since this has devalued the $US, all imported goods just went up in price which will add to inflation!
A soft landing is impossible. But the moral hazard at the Fed remains: They will always fall short of doing what's needed to protect the economy in the short/medium run.

Don't expect anything to change.

We all knew they would flinch eventually, and you got trillions of sidelined funds desperate to buy any price as soon as they believe the coast is clear.

This will be a couple of years of yoyo policy.
Is the Feds idea of reduced inflation gauged by higher unemployment.
In other words, to reduce inflation one must increase unemployment to stop those peasant working types from asking for a bigger slice of the cake ?
every Saint has a past. Every Sinner has a Future
Well, the market is giving you opportunities. At these levels UJ is tempting to long.
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