By all accounts, the June Consumer Price Index (CPI) report was great news, but you might want to take it with a grain of salt.
By all accounts, the June Consumer Price Index report was great news, but you might want to take it with a grain of salt. This apparent victory over price inflation likely means the Fed will surrender to inflation. This CPI report likely tees up a much-anticipated interest rate cut in September. In other words, the apparent victory over rising prices means the Fed can go back to creating inflation. The June CPI numbers CPI came in cooler than expected by every major metric.
If CPI isn't going up more than 2 percent, they believe there is no inflation. But Rising prices are merely a symptom of monetary inflation. Monetary inflation is an increase in the amount of money and credit in the economy. When you get the definition of inflation right, it becomes clear that the Fed creates inflation with a loose monetary policy and this leads to rising prices. When the Fed starts cutting interest rates, it incentivizes borrowing.
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