The Daily Cut

The only newsletter featuring insights, ideas, and recommendations from financial legends and their handpicked team of experts.

Two Escape Routes From the Fed’s Chaos Machine

The Fed is between a rock and a hard place. It can either keep raising rates and further hurt the banks… Or it can take its foot off the gas and risk letting inflation run higher. And today, it chose the rock of hurting the banks over the hard place of letting inflation spiral out of control. Here's what...