The BLS tells us there is still no sign of any moderate inflation much less hyperinflation. The WSJ reports that the Fed is unlikely to change anything at it's January meeting.
So, we've got a terrible employment situation and no sign of inflation. And the Fed thinks its best to do nothing. Makes sense to me.
UPDATE: In this post, I was being facetious. Longtime readers of this blog know that, going back six or seven months now, I've been arguing that the Fed should be doing more than it is. And every new data release has been saying the same thing -- that the job market is still much, much weaker than we want it and inflation does not appear to be a problem. It's really gotten farcical...
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