Subject: The Fed Sees Stagflation Ahead
... and doesn't give Mad King Donald his hoped for 2 1/2% rate cut (or any rate cut at all).
The Fed sees:
— Inflation UP to 3%
— Growth DOWN to 1.4%
— Unemployment UP to 4.5%
IOW, Mad King Donald took an economy that was humming along and f*cked it up bigly.
https://www.investopedia.com/d...