S4 E3: FOMC - Master Magicians of Misdirection or Monetary Con Artists?

Send us Fan Mail The US FOMC is playing the ole Shell Game with this past week's "SEP"! Where is the Pea? (AKA US Consumer Final Demand Growth) Shell One:  Inflation NO HIGHER than 3% this year, 2.5% in 2027, and 2.2% in 2028. Shell Two:  Nominal GDP Growth of +5.2% in 2027. Shell Three:  NO Change in Unemployment Rate 4.4%, same in 2027 and 2028 (but maybe on tick higher to 4.5%), either way reflects virtually NO impact from AI. Wild Card:  Fed envisions a top-end Fed Funds Rate of FOUR PERCENT (3.9%) next year, based on growth in “real” GDP to 3% or higher! There is NO PEA to be found…The Fed’s narrative is overly optimistic, an expert misdirection, yes. But one that flirts with the realm of being a “con”! Either way…the Fed only wants, and needs, you to believe that the PEA IS THERE to be FOUND! Support the show https://twitter.com/money_podcast Money, Markets & New Age Investing Podcast @money_podcast https://instagram.com/age_of_polarization_investing Money, Markets & New Age Investing Podcast https://www.facebook.com/profile.php?id=100094931703462 Money, Markets & New Age Investing Podcast https://www.youtube.com/@GregoryWeldon https://www.youtube.com/@MoneyMarketsNewAgeInvestingPod Our YouTube Channels