The Fed Pivots (Panics) Via Tuomas Malinen’s Forecasting Newsletter, During the past week, we at GnS Economics forecasted that the Federal Reserve will cut by 25bps. Our reasoning was this: However, the ‘super-core’, measuring services inflation, less energy services, rose by 4.9%, and 0.4% in month-over-month basis. This was the largest monthly increase in the index since April. We assume that this killed all hopes for a 50bps cut next week, because Fed Chair Jerome Powell has described super-core as the “the most important category for understanding the future evolution of core inflation”. I still stand by this forecast, from a purely economic perspective, because… — Continue at ZeroHedge News : Read More
