Is the Fed in danger of pivoting in the wrong direction?

Reports on the labour market and consumer prices published in the last few days have each put a nail in the coffin of the interest rate cut expected in June. How to justify easing monetary policy when inflation is accelerating again and job creation is soaring? And why, some even ask, not raise rates instead? Let's try not to paint too pessimistic a picture. Admittedly, disinflation has been halted in recent months, but there has been no acceleration in household spending or in w...