Wagner gold silver Fed is locked into raising rates without pushing the economy into a recession
At least according to Chicago Fed President Charles Evans, the Fed may still be able to lower inflation without a sharp rise in unemployment and without pushing the economy into a recession. An assumption that only a few believe.
That being said, Fed members continue to spin a doctrine in which they can raise interest rates aggressively without it leading to an economic recession. However, some economists questioned the spin on the latest jobs report such as Karl Schamotta, chief market strategist at Corepay in Toronto. He refuted the mainstream doctrine by saying,"By illustrating continued strength in the labor market, Friday's non-farm payrolls report gave the Fed carte blanche to continue raising rates,”
This advanced modeling system using real-time data today data is predicting much higher inflation than economists are forecasting. Below are the latest numbers from the Federal Reserve Bank of Cleveland.
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