• The article discusses the current balancing act of the Federal Reserve and the 6 things they must pay attention to.
• It also looks at the trend of corecore on TikTok, which is a reflection of the Internet on the Internet and a message against capitalism and income inequality.
• The Fed is charged with creating aspects of financial nihilism right now, and is looking at wages, labor market, and economic growth to slow inflation.
• Data points show a slowdown in manufacturing, labor market, and wages, but no recessionary warning signals.
• The Fed wants the market to take it seriously, but markets often lose the plot.
• The article concludes that people are the economy, and the Fed is paying attention to the right things.
Published February 2, 2023
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