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mwilbert.bsky.social
did:plc:metteb47if6pwuc4lfqbt27t
Inflation may be mildly elevated, but it's rising not falling. The job market is getting worse, but unemployment is 4.2%. and labor supply is (at best) not rising much. It's not obvious to me that cuts are appropriate. There will be a lot more information in September, and the Fed can decide then.
2025-08-01T15:30:40.809Z