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Home / Mike Norman Economics / Zero Hedge — “Horrible”… “Brutal”…”A Disaster For Democrats”: A Shocked Wall Street Reacts To Today’s CPI Nuclear Bomb

Zero Hedge — “Horrible”… “Brutal”…”A Disaster For Democrats”: A Shocked Wall Street Reacts To Today’s CPI Nuclear Bomb

Summary:
The Fed is likely to continue to raise rates if only to maintain its credibility, even though higher rates are price increases from the MMT POV, and the augmented interest payments constitute a fiscal increase.Zero Hedge"Horrible"... "Brutal"..."A Disaster For Democrats": A Shocked Wall Street Reacts To Today's CPI Nuclear BombTyler Durden

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The Fed is likely to continue to raise rates if only to maintain its credibility, even though higher rates are price increases from the MMT POV, and the augmented interest payments constitute a fiscal increase.

Zero Hedge
"Horrible"... "Brutal"..."A Disaster For Democrats": A Shocked Wall Street Reacts To Today's CPI Nuclear Bomb
Tyler Durden

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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