​Can The Fed Defend Cutting Rates With NSA Jobless Claims Near Record Lows? – Tyler Durden

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  — Continue at ZeroHedge News : Read More