As per the EuroDollar video I posted, Central Banks always react...

As per the EuroDollar video I posted, Central Banks always react after the bad data comes out. They don't want to move beforehand otherwise you might have a 1970s dual inflation rise. As such, this is the basis of your prior information and posts if I interpret correctly.

As such, the jobs numbers which came out the day after their FOMC meeting has highlighted out that the recession is taking place right now and The Fed cannot react again until September (or earlier but might be seen as political). By the time data is validated, nothing can stop the train wreck which occurs as all confidence is gone. Consumers stop spending as they are concerned they will be added to the Unemployment numbers and reversing this is very difficult. This is why crashes of recent times, always occur after a reduction in the interest rates. Not because of the reduction but what the cuts represent.

And the interest rates are the only tool in The Fed box to help the economy (usually - unlike the Covid lockdown spending that occurred and that was a transfer of wealth to the already wealthy)

It is also a tightening of the money supply and costs that are factors which cause recessions. Does anyone see a pattern in the following charts



The 2/10 is getting closer to reverting. And that is when the popcorn will be opened for the bears.



Another thing to look at as pointed out by @gve is velocity of money. At present this is showing an increase but looking like it might slow down or even reverse.



Something else to be aware of as pointed out by myself and I think @kacy is this. Getting close to running out of money. The BTFP is also being run down reducing the amount of money available.