Don’t Back-Up The Trucks! Inflation Is Endemic And The Fed’s Printing Presses Will Remain On Idle

Since the June CPI came in at a red hot 9.1% on a Y/Y basis, Wall Street naturally declared that the top is in, meaning that inflation is going to cool dramatically from here. In turn, that will accelerate the date when the Fed can pivot back to its real job: Namely, balls-to-the-walls money pumping […]