The Fed’s About to Repeat a 2008 Mistake — Into a Weak Economy
Hot October CPI (prices up 0.4%, core at the fastest 3-month pace of the year) has the Fed weighing a December rate hike — possibly 50bps — into a weak economy where inflation has wiped out wage gains since 2020. Tom breaks down the 2008 Trichet parallel, then digs into […]
