Can The Fed Defend Cutting Rates With NSA Jobless Claims Near Record Lows?
The ongoing normalization of jobless claims in Texas - post Hurricane Beryl...
Source: Bloomberg
...has pulled initial jobless claims down dramatically. On a non-seasonally-adjusted basis, initial claims are basically at multi-decade lows...
Source: Bloomberg
Continuing claims inched lower but remain above the 1.8mm Maginot Line...
Source: Bloomberg
How will The Fed defend rate-cuts with jobless claims (if you can believe them) near record lows?
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