Episode 124 -Robert Young: 2 JAN The Market & Economy - Listen to Powell / Forget Inflation Numbers, Watch Unemployment Numbers

Friends,Wall Street money managers are fixated on monthly inflationary indicators like the Consumer Price Index (CPI) with the expectation that Chairman Powell and the Federal Open Market Committee will stop raising the Federal Fund rate and possibly begin lowering it if inflation indicators start dropping. They are already retreating from their highs - giving people the impression that a recession will be shallow or possibly avoided.This is false sense of security and is dangerous "group-think".I'll explain what Powell and his Team are dedicated to accomplishing and the inevitable recession they will trigger.Robert