Supposedly PCE, price index on consumer expenses...... Tongue in cheek they are looking at something that is disconnected from reality.
STOP complaining! and look at it from an opportunistic viewpoint. when the fomc made the statement, the market moved massively. and traders were very happy to profit from it. index futures, gold, copper, bonds, currency ...traders were all very happy.
Not to rain on anyone's parade but sleepy Joe has barley had a chance to false flag cyber attacks against big oil and big beef. He's barely had enough time to concoct a global death news production regarding the global environment. Hes only sunken or ground two cargo ships so far. He's barely had a chance to massively hike taxes and wages. He cant be expected to endure a rate hike this soon in his narrative. My god man...its pride month. We got a parade to think about. Looking at the first months of his term, I would say we got some serious crazy screwed up sht that's still yet to happen before ole sleepy Joe finally gets to the realization that inflation might be an issue in this mixed up world of his...
I had to squeeze that in. But yea, I will refrain from here out. It doesn't help the clear headed trading. It was kinda more humor than politics...but your right.