FLIP FLOP econ from THE FED

The Fed's worst nightmare has begun:

1. Core CPI inflation rises to 3.3%, the first increase since March 2023

2. 258,000 people filed for unemployment this week, above expectations of 230,000

Once the September jobs report is revised sharply lower, it will reveal the Fed's…

— The Kobeissi Letter (@KobeissiLetter) October 10, 2024