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Reply to "Trump 47 Economy"
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[quote=Anonymous][quote=Anonymous]Jerome Powell back in June: “We are refusing to cut interest rates because, everyone I know, is forecasting a meaningful increase in inflation from tariffs, next month.” July Inflation just came in BELOW expectations ONCE AGAIN.. Fire Powell[/quote] But still higher than target and if we cut rates, would increase further. Furthermore, tariff impact is still early with companies selling off front loaded inventory plus absorbing costs before passing on to consumers with higher prices given Trump constantly reverses course, delays, etc. Logically, Powell is correct to hold on rate cuts at this time. [/quote]
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