The FED has been so far behind the yield curve and all the economic indicators are signalling the economy has not only rolled over, but is about to land hard. The same govt. apparatus and media propagandists that have gaslighted us about Biden’s mental capabilities, has also fudged and lied about unemployment, GDP and every other measure they control at the BLS.

As a result of working in tandem with the administration and also trying to prop up the dollar, the FED has gone along with this nonsensical narrative about needing to keep fed funds high to fight inflation. That ship sailed almost a year ago.

The FED is so far behind the curve, it has come around behind them and is about to run right over their backs, as things collapse. They can’t wait until Sept. to make an inconsequential, quarter point cut. They need a half a point, at least to start, and if not this week, at least at next week’s July meeting. Until the fed funds rate gets to 3.5 – 4.%, stocks and the economy are headed lower and fast.