You won't get your massive rate cut, too bad for you. If you are worried about your economy, maybe cancel that massive tariff program that is going to hurt very, very soon. It's not the Feds responsibility to put a band aid on the damage being caused voluntarily by your govts economic policy.
Economic reports are way overrated. People and the news every week act like it's a Super Bowl event. Sure, I guess, they're important...but it's not everything. It's just one element in a moody Play-Doh storm.
You can determine the accuracy of the PPI by applying the Remington Steele test Code: Cosine(PPI)^2 + Sine(PPI)^2 - 1
In February, Powell said that the Fed wanted to cuts rates, but decided instead to hold off because they didn't know the long term effects of [then] new tariff policies. He also cut USA growth rate estimates because of the tariffs. Today the PPI was a lot worse than expected, and last week the OECD expected the U.S. economy to grow 1.6% in 2025, marking a substantial reduction from a 2.2% expansion forecast in March. Tell me again what Powell doesn't get.
In my opinion, now when impact of tariffs more less understandable - he should move quickly and reduce fed rate by 100 points to make mortgage rate more like able. This will speed up housing and as result will reduce inflation. But he will reduce 25, it will have no effect.