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