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"The administration is brute-forcing a stress test on central bank independence by weaponizing a procedural ambiguity left wide open by the judicial system."

"Five years of missing the target rate means the easy money era is completely dead, keeping the pressure firmly on high-risk crypto assets."

"The cost of capital isn't dropping anytime soon for anyone trying to actually build things."

"The market priced in a soft landing months ago, but 5% core goods inflation guarantees the Fed is keeping the threat of tightening squarely on the table."