David on Nostr: I think the causal arrow goes the other way. Fed pivots because the economy is ...

I think the causal arrow goes the other way. Fed pivots because the economy is already fucked. Re: FOMC meeting Wednesday they don’t know what the fuck they’re doing. They’re always reactionary and the idea they’d do anything like a “soft landing” they’ve been talking about for 2 years is stupid. They were always going to go too far and this time they’re so painted in a corner this is going to whipsaw and wreck a ton of jobs AND spike inflation when they’re still above target. They’re so fucked.