...didn't the Fed just said that the economy is still strong?...

  1. 1ronnie
    22,326 Posts.
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    05/07/24
    23:20
    Post #: 74633595
    ...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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    lightbulb Created with Sketch.  Great analysis
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