The Fed just turned inflationary. ⚡ Peter St Onge, Ph.D.

1 day ago
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Peter St Onge, Ph.D. | The Fed just turned inflationary. It’s ending the trillion-dollar selloffs it used to fix Bidenflation.
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Why? Because Wall Street needs the money.
Toss in $2 trillion federal deficits -- plus trillions of foreign investment -- and inflation is itching to take off again.
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Congress won’t fix inflation. The Fed is giving up and shifting into easy money mode.
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We can hope that mass deportations brings down prices for housing, rent, food and other basics.

@profstonge
https://x.com/i/status/1991846557877252418

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