​Fed’s Favorite Inflation Indicator Unexpectedly Misses As Savings Rate Plunges To Near Record Low – Tyler Durden

Fed’s Favorite Inflation Indicator Unexpectedly Misses As Savings Rate Plunges To Near Record Low The broadly weak trend of US macro data was jolted yesterday by the hotter than expected GDP print (hilariously driven by a surge in personal consumption at the same time as Dollar General announced the time of death of the US consumer), which prompted a hawkish shift in rate-cut expectations. However, this morning, the doves get another chance for some ‘bad news’ (disinflation) to support their ‘we must cut in September” narrative, unveiled by Powell himself last week during Jackson Hole, when the Fed’s favorite inflation…  — Continue at ZeroHedge News : Read More