re: March PCE inflation rises to 2.7%, above expectations of 2.6%. No rate cuts anytime soon?

quote:

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I think they are cutting at least once before Nov to give JB a jolt

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Yeah, that's a worry I mentioned in a couple of posts earlier this week. Considering how hard Jerome has been trying to thread that "soft landing" needle, I'm concerned he's going to use the GDP drop as a foundation for doing a cut.

Any cut before Unemployment goes above 4%-5% for a few months would be disastrous.