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Market Disconnect: Fed Rate Cuts Fail to Curb Inflation, Housing Costs Surge

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Federal Reserve,Inflation,Interest Rates

The Kobeissi Letter highlights a historic disconnect between the Federal Reserve's rate cuts and market reactions, with inflation surging and interest rates rising. Despite the Fed's efforts to manage inflation, key indicators like core CPI, PCE, PPI, and general CPI are showing significant increases. The 10-year Treasury yield has soared, leading to higher monthly mortgage payments, even as the Fed aggressively lowers interest rates. This disconnect is attributed to market recognition of persistent inflation.

has shared a tweet thread published by The Kobeissi Letter, an entity that provides top-tier expertise commentary on global capital markets and events happening in them.

Legendary trader Brandt directed a significant critique to the U.S. central bank and its chairman Jerome Powell, making a comment on the aforementioned thread.There's Silver Lining for XRP Bulls Following 6% PlungePeter Brandt tweeted: “The Fed and its feeble chair and its forward guidance will go down into history for its fumbles.

The treasury yields are currently at the highest level since May this year, despite the Fed aggressively cutting down interest rates. One of the side effects here, according to Kobeissi, is the impact on the housing market: “Buying the median priced home at $420,400 now costs an average of ~$400 more PER MONTH.”

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