The Fed is a political invention, so it will always act in its political interests.

This post by Phoenix Capital’s chief market strategist Graham Summers makes is mistaken in accepting that government stats are correct.
“1) The stock market is at all-time highs.

2) Financial conditions are looser now than they were BEFORE the Fed starting raising rates in 2022.

3)  The economy is growing, NOT slowing down.

4) Inflation is turning back up.”

The stock market is not driven by economic reality for 95% of the people. Financial conditions are looser for the top 1% and getting tighter for the 99%. The economy is dying and only fraudulent stats on payroll, unemployment and GDP are keeping the lie going. Inflation never declined for the 99%. The CPI stats are manipulated, the government numbers are as honest as the CCP’s. Inflation is raging for the lower 50%, high for the next 40%, neutral for the next 9% and disinflation rules for the top 1%.