The Fed Pivots (Panics)

Something bad this way comes

During the past week, we at GnS Economics forecasted that the Federal Reserve will cut by 25bps. Our reasoning was this:

However, the ‘super-core’, measuring services inflation, less energy services, rose by 4.9%, and 0.4% in month-over-month basis. This was the largest monthly increase in the index since April. We assume that this killed all hopes for a…