As the chart shows, it can ride the top of the band for weeks.

Now chart that against M2. These charts are all going to look crazy when not considering 28% inflation aggregated over the last five years.

Inflationary spike inbound

Most of it is in student loans, but that makes sense after stopping the relief.

Noun vs adjective

They should just delete it all if he breaks in. Clean slate.

The bond market doesn’t care if the Fed reduces rates. Yields will always be priced to the truth. And the stock market will respond accordingly.