Good morning … OK so maybe I am ‘overselling’ the idea of a SPIKE in EZ CPI but still, NOT what you — as the ECB — wanna see as yer tasked with lowering rates given de / dis inflation and so to clarify …
Barchart: Claudia Sahm, the creator of the Sahm Rule used to identify recessions in real-time, says the Fed's decision not to cut interest rates today doesn't make sense....
I guess Friday's NFP....should be Inline or Ok ???
worst poss outcome would be for a STRONGer than exp NFP Fri just breeding more chaos / confusion rather than putting PAID to a cut ... i've NO insight one way or another but thanks for sending the Gundlach commentary ... and dialogue!
Jeffrey Gundlach: Fed Day
https://youtu.be/IJY2et3gimQ?si=GdlbxG10CsXTsRqv
Barchart: Claudia Sahm, the creator of the Sahm Rule used to identify recessions in real-time, says the Fed's decision not to cut interest rates today doesn't make sense....
I guess Friday's NFP....should be Inline or Ok ???
Today's ADP...on the weak side...
I might tend to agree with Miss Sahm....
worst poss outcome would be for a STRONGer than exp NFP Fri just breeding more chaos / confusion rather than putting PAID to a cut ... i've NO insight one way or another but thanks for sending the Gundlach commentary ... and dialogue!