TFTC(@TFTC21):The Fed held rates at 3.75-4.00% in a 10-2 vote. Two dissenters, Cook and Hammack, wanted another quarter-point hike. The statement says inflation "remains elevated" but the committee needs an "accumulation of more information" before acting. Translation: they hiked in September for the first time since 2023 and now they are sitting on their hands watching tariff-driven price distortions they cannot distinguish from real demand. Meanwhile productivity growth is strong, capital investment is robust, and job gains are keeping pace. The economy looks fine on paper because AI capex is masking weakness everywhere else. The Fed is flying blind and they know it.

2026.10.28 19:00

The Fed held rates at 3.75-4.00% in a 10-2 vote. Two dissenters, Cook and Hammack, wanted another quarter-point hike. The statement says inflation "remains elevated" but the committee needs an "accumulation of more information" before acting. Translation: they hiked in September for the first time since 2023 and now they are sitting on their hands watching tariff-driven price distortions they cannot distinguish from real demand. Meanwhile productivity growth is strong, capital investment is robust, and job gains are keeping pace. The economy looks fine on paper because AI capex is masking weakness everywhere else. The Fed is flying blind and they know it.