🚨 WASHINGTON IS SENDING MIXED SIGNALS ON INFLATION AND YOUR MONEY IS IN THE MIDDLE.
President Trump says inflation could help pay down the roughly $40T U.S. debt “very rapidly.”
White House adviser Kevin Hassett says the U.S. does NOT want to use inflation to reduce the debt burden.
CEA Chair Chris Phelan says inflation is already coming down.
Fed’s Austan Goolsbee says inflation remains the bigger policy problem.
And Dallas Fed’s Lorie Logan says rates may need to rise another 50+ basis points.
Meanwhile, the data is pulling in different directions.
August PCE inflation came in below expectations, while September payrolls added just 29K jobs versus 90K expected.
That weak jobs number has reduced expectations for an October hike, but inflation remains above the Fed’s 2% target.
The result?
Markets are trying to price two competing risks:
Persistent inflation OR A weakening labor market.
And both matter for stocks, bonds, mortgages, the dollar and crypto.
The Fed’s next meeting is October 27–28.
The inflation and jobs data between now and then could be critical.
#Bitcoin #Crypto #Inflation #FederalReserve #Markets
President Trump says inflation could help pay down the roughly $40T U.S. debt “very rapidly.”
White House adviser Kevin Hassett says the U.S. does NOT want to use inflation to reduce the debt burden.
CEA Chair Chris Phelan says inflation is already coming down.
Fed’s Austan Goolsbee says inflation remains the bigger policy problem.
And Dallas Fed’s Lorie Logan says rates may need to rise another 50+ basis points.
Meanwhile, the data is pulling in different directions.
August PCE inflation came in below expectations, while September payrolls added just 29K jobs versus 90K expected.
That weak jobs number has reduced expectations for an October hike, but inflation remains above the Fed’s 2% target.
The result?
Markets are trying to price two competing risks:
Persistent inflation OR A weakening labor market.
And both matter for stocks, bonds, mortgages, the dollar and crypto.
The Fed’s next meeting is October 27–28.
The inflation and jobs data between now and then could be critical.
#Bitcoin #Crypto #Inflation #FederalReserve #Markets
