Published Aug 12, 2026, 10:05 AM ET · Updated 3 months ago · 1 source
CPI Cooling Is Only Superficial; Fed Still Digesting Effects of Its Earlier Money Creation
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Original Report
The author believes the drop in CPI to 3.4% is not a genuine improvement; rates will remain elevated, and the Fed is merely managing the consequences of its earlier money creation. CPI is a lagging, manipulated indicator and cannot serve as a basis for rate cuts.