It's Official: Unemployment Is About to Hit the Fan
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Show Notes
A whole bunch of bad data, much of it focused on deterioration in the US labor market (pre-July payrolls). That unleashed huge swings in rates markets and forward rates. One reason for all this is the historical pattern is perfectly clear. What we're seeing right now happens EVERY TIME. No exceptions.
Eurodollar University's Money & Macro Analysis
FOMC Monetary Policy Statement
https://www.federalreserve.gov/newsevents/pressreleases/monetary20240731a.htm
Federal Reserve Chair Powell Press Conference July 31
https://www.youtube.com/watch?v=hb1eHcqGpY0
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU