Today’s podcast goes into the question, with all the drama around the world, will the Fed Pivot. Personally, I don’t believe so, until the labor market breaks, and we aren’t there yet.
Job openings data has fallen recently. The Fed needs to see this go much lower and jobless claims break over 323K (4 week moving average with no Hurricane hit on the data) to get the job loss recession they want so badly.
From DOL: https://www.dol.gov/ui/data.pdf
“We have always held to the hope, the belief, the conviction that there is a better life, a better world, beyond the horizon.” Franklin D. Roosevelt
Logan Mohtashami is a Lead Analyst for Housing Wire, financial writer, and blogger covering the U.S. economy with a specialization in the housing market. Logan Mohtashami, now retired, spends his days and nights looking at charts and nothing else