Everyone knows the Fed will pivot. Therefore, there will be…
Everyone knows the Fed will pivot. Therefore, there will be no pivot until no one expects it, because if you expect a pivot, then you are expecting higher inflation and the Fed is trying to kill inflation.
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Like Peter Schiff said yesterday, he doesn't think Powell will allow the pivot to occur on his tenor, or he will be known as the chairman that brought in hyper-inflation.
Inflation always ends with deflationary collapse either by choice or when the currency fails. The Fed doesn't actually have a choice if the goal is avoiding high/hyper inflation and currency collapse.