Powell Signals Rate-Cut Delay After Run of Inflation Surprises.

“Surprises” only if you are a dumbass. I told everyone this was going to happen. And it did. “Transitory” was always a lie. The “transitory” clowns changed their story repeatedly, declared victory during a brief lull, and now (again) look like the absolute fucking idiots that they in fact are.

Personally, I wish they’d been right. Inflation is terrible. But the fact is they never were and I care about evidence and reality over wishful lies.