Michael Fox and Chris Temple of the National Investor break down the Federal Reserve’s recent quarter-point rate cut, which followed expectations set at the “s’mores in Wyoming” event. They explain the Fed’s “hawkish rate cut” approach despite President Trump’s push for more aggressive cuts, and the updated projection of up to three rate cuts by 2025.

The discussion dives into current inflation dynamics, highlighting why the 2.9% inflation rate is still above the Fed’s target, and how measures like hedonic pricing can mask real cost increases—especially in housing markets affected by high mortgage rates.

They also debate the economic impact of tariffs, questioning who truly bears their cost and the likelihood of promised trade deals and investments coming to fruition, while acknowledging the market’s upbeat mood on Wall Street.

Finally, Michael and Chris analyze the bond market challenges despite recent rate cuts, the possibility of future Fed interventions like “Yield Curve Controls” or “Operation Twist,” and the critical importance of securing American supply chains for metals and minerals, spotlighting a forthcoming conference on mining nationalism in Minneapolis MN Oct 1- 3.

Listen in for detailed insights on Fed policy, inflation, tariffs, and economic trends!