BREAKING: President Trump says there is "hardly any inflation at all" and that inflation is "down to a perfect number."
Rate cuts are coming with PPI inflation at its highest level since March 2022.

This is unprecedented:
Core CPI inflation is back above +3% and PPI inflation is at its hottest since March 2022.
Meanwhile, President Trump is calling for a 300 BASIS POINT rate cut and is set to replace Fed Chair Powell.
Are you ready for what's next?
(a thread)

The Kobeissi Letter

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