🇺🇸 Inflation just hit 3.7% and the Fed is expected to do nothing on Wednesday, because raising rates six days before the midterms looks worse than letting prices run Chair Kevin Warsh said last month inflation is "too high and has been for too long," then the September number came in hotter at 3.7%, and the committee's answer is to wait. Deutsche Bank says the case for skipping a hike "is not terribly compelling" and admits the real reason is the Fed not wanting to be the headline the week affordability decides Congress. Fed officials call it having "the time we need." Voters don't think so. NBC has Trump at 27% approval on the cost of living and 29% on the Iran war, two-thirds call the gas spike a serious problem, and more than half have changed what groceries they buy. The White House's own economist called the last inflation print "disappointing" and can't explain why nobody feels the growth. So the central bank is sitting out the one week it would matter most, Republicans go into Tuesday defending $4.29 gas and 3.7% inflation with no help coming, and the first rate hike of the new Congress lands in December on whoever just won. Source: NBC News / Writer: Daniel