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The numbers are in, the Fed is now letting everyone know the inflation is coming down and the Fed is now prepping to cut the rates. Bank of America is now predicting 3000 gold. Bolivia has not removed the ban for Bitcoin. The [DS] is structure is being dismantled right before our eyes. The SC has been reversing what the [DS] had in place for a long time. [BO] plan to expose Biden has worked, the fake news was given permission to attack him. The narrative of a change change of batter is now being pushed. Now the media will continue to push every step of the way and they will try to force him out. 25th on deck. Ezra Cohen sends out a warning.

 

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Economy

Federal Reserve's preferred inflation gauge shows price pressures easing further

 A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease.

Friday's Commerce Department report showed that consumer prices were flat from April to May, the mildest such performance in more than four years. Measured from a year earlier, prices rose 2.6% last month, slightly less than in April.

Excluding volatile food and energy prices, so-called core inflation rose 0.1% from April to May and 2.6% from 12 months earlier. Both figures were slight improvements on the previous month's data.

 Rate cuts by the Fed, which most economists think could start in September, would lead eventually to lower borrowing rates for consumers and businesses.

Source: apnews.com

https://twitter.com/GRDecter/status/1806731303460733192

  - Sticking with a bearish view in 2023 as the benchmark soared 24% The stock market is not the economy. Never forget.

Bank of America Eyeballs $3,000 Gold

Bank of America is eyeballing $3,000 gold.

According to a report released by the big bank, gold prices could potentially hit $3,000 an ounce in the next 12 to 18 months as the Federal Reserve begins cutting interest rates and rising debt drives economic uncertainty.

BofA commodity strategist Michael Widmer said he thinks the next bull run will be contingent on a pickup in investment demand.

“If non-commercial demand picks up from current levels on the back of the Fed rate cut, the yellow metal could push higher again.”

Source: goldseek.com

https://twitter.com/BitcoinMagazine/status/1806677713417113859

Political/Rights

BREAKING: Chevron is Gone — SCOTUS Rules Unelected Bureaucrats Do Not Have the Power to Create Laws 

In a landmark decision, the Supreme Court has overturned the long-standing Chevron doctrine, fundamentally altering the balance of power between the judiciary and federal agencies.

The ruling, which came in the case of Loper Bright Enterprises et al. v. Raimondo, Secretary of Commerce, et al., marks a significant shift in the balance of power between the branches of government.

The Chevron doctrine, established in the 1984 case Chevron U.S.A. Inc. v. Natural Resources Defense Council, has long been a source of contention. It granted deference to federal agencies in interpreting ambiguous statutes, effectively allowing unelected bureaucrats to make laws through their regulatory actions.

However, by a 6-3 majority, the SCOTUS has now declared that such power is unconstitutional and goes against the principles of democratic governance.

“Justice Neil Gorsuch, the son of a former Environmental Protection Agency administrator, wrote separately to call Chevron Deference “a grave anom...