📉 Powell’s Dilemma: Inflation Stubborn, Labor Weakening

Peter Boockvar of One Point BFG says Fed Chair Jerome Powell is walking a tightrope — inflation remains well above the 2% goal, while labor market cracks are starting to show. 📊

Despite a loose financial environment, Powell's wait-and-see approach may be smart, especially with plenty of time before the September Fed meeting. 🕰️