Fed will continue to Punish Americans for Biden's Inflation
A slowdown of economic growth and the US job market will be "required" to bring down inflation, the Federal Reserve said in notes released Wednesday, adding that prices remain "unacceptably high."
Fed officials also said inflation has "not yet responded" to increased interest rates, according to minutes of the US central bank's September meeting, and that "a significant reduction in inflation would likely lag that of aggregate demand."
In September, the Fed's policy-setting Federal Open Market Committee (FOMC) increased the key interest rate by 0.75 percentage point for the third consecutive time, continuing its forceful action to tamp down inflation, which has surged to the highest level in 40 years.
On Tuesday, US President Joe Biden admitted there was a chance the country could suffer a "slight" recession, when asked about fears for the economy amid gloomy growth projections.
But some of the Fed officials cited in the minutes also noted that "it would be important to calibrate the pace of further policy tightening with the aim of mitigating the risk of significant adverse effects on the economic outlook."
Several of the officials added that "the cost of taking too little action to bring down inflation likely outweighed the cost of taking too much action."
Participants also noted their strong "commitment to returning inflation to the committee's two percent objective."
The Fed's preferred inflation measure, the personal consumption expenditures (PCE) price index, showed the annual pace of price increases slowed slightly in August.
Another measure of price increases, the CPI index, will be published Thursday morning for the month of September.
What KXCO Is, and Why the Hard Problem Was Never Intelligence
The prevailing enthusiasm assumes the hard problem is intelligence. It is not. It is that banks, hospitals, courts and governments are being asked to let software act on their behalf with no way to establish who decided, on what basis, or whether the record will still read in a decade. KXCO founder Shayne Heffernan sets out the architecture that answers those questions, drawn as a graph, and argues that properly constructed AI is an amplifier of human judgement rather than a replacement for it.
Earnings, the Economic Calendar and Trading Strategies: September 8 to 12, 2026
A four-session week decides more than a print. Oracle reports after the close on Thursday 10 September, PPI lands that morning and CPI on Friday, with the ECB in between and the FOMC eight days out. Oracle is the last hyperscaler of the cycle and the widest value gap on the KXCO Ontology Live Analyst Outlook layer: a $457bn market value under a $638bn contracted backlog. Here is the calendar, the graph behind it, the levels and the book.
AI Intelligence Scales. Accountability Does Not. Why KXCO Is Built for It.
Capability is becoming abundant and everything abundant gets cheap. What does not get cheap is the person who has to sign, and they can only carry what they can see. Four conditions follow from that, and four independent authorities reached the first of them last month without knowing it.
AI is the Neat Handwriting of the Illiterate
A model in the hands of someone who has read the filing and walked the plant is a clerk. The same model, speaking for someone who has done neither, is a disguise. On AI slop, phantom citations and factslop, why finish stopped being evidence of work, and the containment layer KXCO built so a machine cannot speak as the institution until a source is attached.
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