Memo To The Crybabies Of Wall Street—Enough “Rate Cut” Whining Already!

We don’t see any victory over inflation in the chart below—even with its update for the latest November figures. Our trusty 16% trimmed mean CPI still posted at +4.0% Y/Y last month, and aside from the Trumpian-stimmy fueled inflation surge of the last two years, it marked the highest rate of gain since July 1991. […]

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