Can The Fed Defend Cutting Rates With NSA Jobless Claims Near Record Lows?

[Collection]Tyler DurdenCan 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 - 09:10Can 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 - 09:10https://www.zerohedge.com/markets/can-fed-defend-cutting-rates-nsa-jobless-claims-near-record-lows2024-08-15T13:10:00.000Z2024-08-15T13:10:00.000Z