💥 Labor costs up 4.4%. Estimate was 3.5%.
The Fed wanted to cut rates.
This just slammed that door shut.
Higher labor costs = higher inflation.
Higher inflation = no rate cuts.
No rate cuts = markets suffer. 📉
War abroad. Inflation at home.
Powell is trapped. 👀
Cut rates = inflation explodes.
Hold rates = economy breaks.
There is no good option. 🔢
Hard assets don't need rate cuts.
They need exactly this chaos. 📈
#Fed #RateCuts #Inflation #LaborCosts #Macro
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