FBC Kudlow July 2, 2024
And all right, there may be no hope to tame inflation. That is the subject of the riff. Stock market bulls continue to taught Federal Reserve Interest Rate cuts but latest fed minutes out today throw cold water on that. The stocks dont need extra juice from the fed. Consumer prices increases around 4. 5 annual rate over first third of the year. 20 over course of joe bidens presidency. Prices risen faster than wages during mr. Bidens term. You could addon personal borrowing costs. Like car loans, home mortgages, credit cards. All those are not counted in the cpi but they weigh heavily on famili...