• It's Official: Unemployment Is About to Hit the Fan

  • Aug 2 2024
  • Duración: 22 m
  • Podcast

It's Official: Unemployment Is About to Hit the Fan

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  • Resumen

  • 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
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