Grant Cardone is stirring the pot again. The entrepreneur and real estate mogul tweeted, “U.S. inflation of 2.7% is higher than the real economy. FED is lagging and KNOWS it. Watch for a surprise .50bp cut in December.”
Cardone’s take is bold, but it's not without reason. Inflation was 2.7% as of November, slightly above the Federal Reserve’s target of 2%. Despite a series of rate hikes this year, Cardone thinks the Fed is behind the curve. And he's not alone in pointing this out.
Cardone’s take is bold, but it's not without reason. Inflation was 2.7% as of November, slightly above the Federal Reserve’s target of 2%. Despite a series of rate hikes this year, Cardone thinks the Fed is behind the curve. And he's not alone in pointing this out.
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