 | | Amanda Heckman | Will they or won't they? That's the question that's been on every pundit's lips since we got a cooler-than-expected inflation reading on Wednesday. Consumer prices for June came in just 3% higher year over year... and just 0.2% higher month over month. Does that mean the Fed's done cleaning up the mess it made? Are rate hikes finished... finito... kaput? [Two Recent Ultra-Cheap (Under $5) Penny Options Made 131% and 115% in Under 49 Days. Discover How You Can Get the Next Recommendation Here. ] While some folks are delighted... We're here to offer a much-needed dose of reality. Underlying, or core, inflation (which removes volatile food and gas prices) came in at 4.8%, more than twice the Fed's 2% target. Unemployment is still near a 60-year low, and hourly earnings ticked up 0.4% in June. We still have a ways to go. Yet the markets now expect that the Fed's promised rate hike later this month will be its last. They've priced in a 1-in-4 chance for a later rate hike... down from 1-in-3. And then there's this guy (emphasis ours)... | SPONSORED | | The Forever Battery: Making Gas Guzzlers Obsolete Only 2% of cars sold in the U.S. today are electric vehicles… but that's about to change - FAST. A new battery breakthrough is ready to hit the market. It could revolutionize the $2 trillion automotive industry... and could soon make gas guzzlers obsolete. This technology is predicted to cause a 1,500% surge in electric vehicle sales over the next four years. The company pioneering this new battery could be the investment of a lifetime. Click here for details. | | | "Clearly inflation is heading in the right direction, and this is showing that they've made significant progress in their battle to tamp it down," said Art Hogan, chief market strategist at B. Riley Wealth Management in Boston. "Even if they raise rates at the end of this month, that may likely be the last time." Let's look at the facts, folks. Our economy is far from healthy. Consumer debt is soaring. Small business optimism remains at pandemic levels. And we still have way too much cash swirling around in the system. Just a fraction of the $5 trillion printed during the pandemic has been erased from the books. Andy has shown you this chart before... 
View larger image This is the critical fact we can't overlook: We can't have a healthy economy with that much cash on the loose. According to Andy... there are only two ways out of this pickle. | Either inflation will continue to destroy middle-class wealth through a surging cost of living... or we'll enter a painful recession that cleanses the economy of this monetary cancer. The Fed is going to either change its inflation targets and be happy with prices that jump 4% to 6% each year (which would be an utter disaster for savers and fixed-income retirees) or do its job and push us into a less-than-comfortable recession. | | | Buckle up, folks. For more than a decade, the Fed's been pulling the strings of the economy like a puppet master gone wild... And the end's nowhere in sight. Now more than ever, you need to think different. As Alex wrote on Wednesday... "If you want to do more than just survive in retirement, the 'conventional' way of investing doesn't cut it anymore." That's why we launched our proprietary investment system built on the No. 1 factor affecting the economy... interest rates. And it's why we share unconventional - some might call it controversial - advice about not paying off your mortgage... as Andy did on Thursday. Things aren't right, folks. Don't invest as if they were. Imagine walking into a library filled with books on every single company around the world. At your fingertips would be insights and data about each company's operations... health... and performance. That's exactly what Alpesh's latest Stock of the Week provides. Get the ticker here. Be debt-free! That's the mantra. It's shouted on the radio... and hailed from the halls of money managers. And it's the backbone ideology of so many self-help gurus. Why is it, then, that the world's best and most successful companies have piles of debt? It's the same reason you shouldn't pay off your mortgage. Continue reading. "Realize that agendas drive data, not the other way round." - Joel Salatin Want more content like this? | | | | | Amanda Heckman Amanda Heckman is the editorial director of Manward Press. With unrivaled meticulousness, she has spent the past dozen or so years sharpening Andy's already razorlike wit... and has worked with numerous bestselling authors and award-winning financial gurus along the way. | | | | 
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