US July CPI to put Fed rate hike bets to bed: Ironside Macroeconomics

Ironside Macroeconomics’ Barry Knapp argues the Federal Reserve’s inflation target is ill-suited to the current growth environment and says there is little inflation pressure to worry about. He sees internal divisions at the central bank as increasingly focused on structural issues such as banking regulation, while AI-driven financing needs could push policymakers to lean more on balance sheet adjustments rather than interest rates.