​Plunge In Jobless Claims Exposes Apolitical Fed-Cut ‘Policy Error’ Further – Tyler Durden

Plunge In Jobless Claims Exposes Apolitical Fed-Cut ‘Policy Error’ Further The day after The Fed slashes rates by a crisis-like 50bps, jobless claims data plunges to multi-month lows signaling an economy that is anything but ‘soft landing’ let alone landing at all… Adjusted initial claims tumbled from 231k to 219k (lowest since May) while unadjusted claims continued to tumble to 12-month lows… Source: Bloomberg Continuing claims also continued its (economically positive) downtrend, sliding from 1.843mm to 1.829mm Americans… Source: Bloomberg Finally, wtf is going on here… Source: Bloomberg While the official unemployment rate dipped modestly from three-year highs, jobless claims…  — Continue at ZeroHedge News : Read More