Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.
Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.
They abuse the market mechanics. Same as banks. This is why the carry trade is so levered up. Our borrowing rate here is far higher than in Japan so they are backing Japanese borrowing with US assets for additional leverage and then loaning to us investors against that capital. It’s a clusterfuck.