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?
Tyler Durden
Thu, 08/15/2024 – 09:10