PCE inflation is what the Fed pays attention to and despite the hikes that have occurred PCE inflation is STILL increasing. Yet there is story after story about how there will be a pivot to avoid doomsday.
This is a rejection of reality or total manipulation of investor sentiment. What is the gameplay here ? Put pressure on the Fed to pivot ? Convince retail investors to get back into the market ?
Can the Fed show itself to be an apolitical entity and keep raising the rate? Or will it capitulate leaving us with never ending hyper inflation ?