Inflation on track for 1970s repeat; did the Fed make a mistake?
According to global capital markets commentary firm The Kobeissi Letter, the Fed made a huge mistake in initiating an aggressive approach to interest rate cuts, which began in September. The Kobeissi Letter shared charts showing a similar trend to a spike in interest rates in the 1970s and mentioned that the same might be happening to the inflation rate now.
https://www.cryptopolitan.com/did-the-fed-make-a-mistake/
Cryptopolitan (RSS Feed) /
npub1pn…kkwck
2024-11-17 14:14:34
Author Public Key
npub1pne54tx8xycu4u9wtz7z4wl5hmywhlfctfnej477uzhm48faplesnkkwckPublished at
2024-11-17 14:14:34Event JSON
{
"id": "bce63c3539c9ab90f36178c6400f05ec903756250ccf062ab6795834e80e651a",
"pubkey": "0cf34aacc73131caf0ae58bc2abbf4bec8ebfd385a679957dee0afba9d3d0ff3",
"created_at": 1731852874,
"kind": 1,
"tags": [
[
"t",
"Economy"
],
[
"t",
"Dow Jones"
],
[
"t",
"Federal Reserve"
],
[
"t",
"Nasdaq"
],
[
"t",
"S\u0026P 500"
],
[
"t",
"USD"
],
[
"proxy",
"https://www.cryptopolitan.com/feed/#https%3A%2F%2Fwww.cryptopolitan.com%2Fdid-the-fed-make-a-mistake%2F",
"rss"
]
],
"content": "Inflation on track for 1970s repeat; did the Fed make a mistake?\n\nAccording to global capital markets commentary firm The Kobeissi Letter, the Fed made a huge mistake in initiating an aggressive approach to interest rate cuts, which began in September. The Kobeissi Letter shared charts showing a similar trend to a spike in interest rates in the 1970s and mentioned that the same might be happening to the inflation rate now. \n\n\nhttps://www.cryptopolitan.com/did-the-fed-make-a-mistake/",
"sig": "4f3caf33f8ad9bce34d737eb077e04d081f0f0b5540e7c384950560a1bbc3f257acc0cfea4c79f087f09c038650340d6e2ea540891a5c3ca664cbd7165aeb6b2"
}