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Fed’s September Rate Cut in Jeopardy as Wholesale Prices Surge Beyond Forecasts
Fed’s September Rate Cut in Jeopardy as Wholesale Prices Surge Beyond Forecasts
20
2
Hotter-than-expected wholesale prices just threw a wrench into the Fed's plans—September's rate cut is now on shaky ground.
Inflation's stubborn streak isn't backing down, and Powell & Co. are caught between a rock and a hard place. Cut rates and risk fueling the fire? Or hold firm and watch Main Street scream?
Wall Street's betting desks are already flipping tables—because nothing says 'stable monetary policy' like last-minute pivot panic. Meanwhile, crypto traders are stacking satoshis, laughing at the Fed's spreadsheet-driven drama.
One thing's clear: The 'transitory' inflation narrative needs a coffin, not a comeback tour.
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