Surveillance: That Hissing Sound Is Air From a Rate-Cut Balloon
Those warnings about March being too soon? Yeah, they look even better now
Food inflation was slower than some other sectors last month, but consumer prices were up enough to sow doubts about the timing of Federal Reserve rate cuts.
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Heading into today’s inflation report, you could hear faint echoes of all those investors who had cautioned that March was just too soon for the Federal Reserve to pivot to rate cuts.