Fed faces new inflection point amid troubling inflation data

Financial Times/James Politi/2/17/2023

“On the one hand, Fed officials are more confident they will avoid a rapid slowdown or even a recession in the short term, which means a ‘soft’ landing is still in sight. More unsettlingly, however, the central bank’s battle against high inflation appears far from over.”

USAGOLD note: This new infection point sounds a lot like the old inflection point……