Inside the ‘2 BIG BOMBSHELLS' at the center of the Fed Reserve's decision

• FED pauses interest rates at 3.50-3.75%, with two dissents favoring a 25 basis point cut.
• Real-time inflation (Truflation) is reported at 1.15% and in 'free fall,' indicating disinflation.
• Consumers are spending less, even on essential items like dog food, signaling economic strain.

Danielle DiMartino Booth discusses the Federal Reserve's decision to pause interest rates, highlighting the dissent from Stephen Miran and Christopher Waller who preferred a rate cut. She argues that inflation is in 'free fall' and consumers are 'really stretched,' suggesting the Fed is misreading the economic situation by shifting focus back to inflation concerns instead of addressing weakening consumer spending and private employment.