Analyst: US federal spending the biggest threat to disinflation & lower Fed interest rates ...Middle East

This via analysis from investment bank Piper Sandler should be no surprise to anyone:U.S. federal spending "is the biggest threat to disinflation and lower interest rates" Piper Sandler cite a projected $1.8 trillion deficit in the 2024 fiscal year, or 6.5% of GDP: "High government spending--federal, state, and local--is measurably supporting GDP, and keeping inflation sticky,"persistent deficits "weigh on potential GDP, depressing incomes & living standards, while lifting the poverty rate."--Yep, and of course, being an election year we can expect all sorts of extra pork barrelling ahead. This lot spend like its not even their money. Oh, wait ... This article was written b

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