Dow craters 1,276 points as stocks notch their worst day since June 2020 after hot inflation reading
markets.businessinsider.com
"A 100 basis point move is again within the realm of possibility," said economist Peter Earle, referring to the upcoming Fed meeting next week.
  • glimmer_twin [he/him]
    ·
    2 years ago

    struggling to bring inflation down and appears to be running out of options (within the neoliberal framework, of course)

    Which is ironic because neoliberalism was partly justified in the first place as a way to deal with inflation.

    Real heads know it was actually about the TROPF tho.