...didn't the Fed just said that the economy is still strong?
This is not a close call. The unemployment rate is climbing & payroll growth is slowing. Conditions in the labor market are cooling off. The trade-offs for the Fed have shifted. If they don't cut this month, they ought to make a strong signal a cut is coming in September.
https://x.com/RenMacLLC/status/1809205551642869915
Since June 2023, the US has added 1.8 million part-time jobs and lost 1.6 million full time jobs
https://x.com/zerohedge/status/1809209312922759236
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...didn't the Fed just said that the economy is still strong?...
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