Adding “fire to the fuel” so to speak, the continued Houthi militants’ attacks on container ships will soon impact prices, predominantly in Europe. The combined effect of these dual shipping crises drives us toward global inflation just as inflation was picking up prior to these events here in the US as reflected by a 4% annualized inflation rate for the last three months ended January, which we reported on February 13th in The Thief in the Night is Back with a Vengeance.LANGUAGE WARNING: This trucker went absolutely nuclear on liberals. 🔥
— Steve 🇺🇸 (@SteveLovesAmmo) February 20, 2024
Remember a few years back when truckers boycotted Colorado?
If you don’t, look it up.
Pepperidge Farm remembers. #Truckers4Trump #LiberalSinkingShip pic.twitter.com/57DpESekIB
The Fed may well lose control of inflation due to these exogenous factors and will act conservatively regarding decisions on raising or lowering interest rates as the Fed awaits for data to come in and better understand the impact of the multiple inflationary and disruptive factors. We wrote earlier today on the Fed’s dilemma given rising inflation and the coming election.
When considering the Fed’s circumstance and the legitimacy of the trucker revolt, this further ensures that the Fed will not be able to cut interest rates prior to the November election.
Comments