Tariff Derangement Syndrome Is Meeting Reality: John Authers

To get John Authers’ newsletter delivered directly to your inbox, sign up here.

Today’s Points:

• US inflation is clearly rising again.
• US stocks are hitting new records because traders view inflation news as positive.
• A September Fed cut shouldn’t be regarded as a done deal, whatever you might hear.
• Weight-loss drugs are losing (market) weight.
• AND: Hamiltonis 10.

Jumbo Cut Would Reflect Pressure, Not Inflation

Outside food and energy, US prices are picking up again. Disinflation after the epic post-pandemic price shock is over. In other news, the latest nominee for the Federal Reserve’s board of ...