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humor Cloud Macro 2026-08-03

Federal Reserve Holds Rates Steady While Pescadero Locals Focus On Overhead Swells

Federal Reserve officials announced they are leaving interest rates untouched as oil prices and stubborn inflation continue to squeeze the global economy. Down in Baja, however, anxious expats briefly paused their margarita consumption to note that Brent crude breaching one hundred dollars a barrel is terrible for jet-ski rentals. Still, with the point break firing at San Pedrito on a clean four-foot swell, nobody down here actually gives a damn. The only deflationary pressure anyone cares about is letting a little air out of their tires for the sandy access road.

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