JP – The Fed cutting rates any time soon is amounting to a window into how confused people are, even analysts.
From Moody’s Analytics: “While inflation has fallen considerably from a peak of 9.1% notched during June 2022, it remains well above the Federal Reserve’s 2% goal. Additionally, when compared with January 2021, prices are up a stunning 17.6%.”
“The cost of necessities like food, gasoline, rent and child care remain far more expensive than they were just one year ago. Chronically high prices are forcing Americans to spend about $650 more per month than they did two years ago, according to a recent estimate from Moody’s Analytics.”
