US core inflation is still unacceptably high for the Fed – and that means more pain for the economy, strategist Jim Bianco says

MarketsInsider/Zahra Tayeb/6-20-2023

Chart courtesy of MichaelPRamirez.com

“US core inflation is still too high for the Federal Reserve’s comfort – and that means more pain ahead for the economy as the central bank pushes ahead with monetary tightening to cool price pressures, according to Wall Street analyst Jim Bianco.”

USAGOLD note: Along with, should it unfold as Bianca is suggesting, the risk of shakier financial institutions, bankruptcies, and accompanying systemic risks.……