#FOMCMeeting Tomorrow the great and powerful Fed will once again take the stage to… do nothing. It’s like calling the fire department when the house has already burned down to the ground, and they start a meeting: "Maybe we shouldn’t pour water? What if someone gets offended?"

Inflation? It’s fallen. Dead. Gone. Prices crawl like retirees in the morning queue for aspirin. The latest CPI data is 2.4% annually. That’s even lower than the IQ of the average economist from MSNBC. Nevertheless, our old friend Jerome Powell sits atop the economic Olympus and says: "Well, maybe we should wait a little longer… maybe a year or two?.."