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

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

https://www.zerohedge.com/markets/can-fed-defend-cutting-rates-nsa-jobless-claims-near-record-lows