Subscriber's Comment - Fed on Hold pushes yields up, hyperscaling before AI is ready?, further evidence of competitive currency devaluation.
Powell Signals Delay in Rate Cuts Due to Persistent Inflation – This article from Bloomberg may be of interest to subscribers. Here is a section:
“The recent data have clearly not given us greater confidence and instead indicate that is likely to take longer than expected to achieve that confidence,” Powell said Tuesday in a panel discussion alongside Ba…