🚨 KEVIN WARSH IS COMPLETELY TRAPPED NOW. US inflation data just came out, and it surprised everyone. CPI came in at 3.7%, its highest level in 4 months. Core CPI rose to 2.6%, its highest in 3 months. Now, the US job market is already in a weak condition, and inflation is also running hot. If the Fed holds rates, it'll risk the inflation going higher. If the Fed hikes rates, it'll risk the job market getting worse.