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“Desperate Struggles” in the Job Market
The first disappointment from payrolls in what seems like forever is only the start. It follows a number of increasingly ugly developments including a solid shocker from the US services sector - and its own measure of employment. In addition to reviewing the latest updates, Jeff and Steve also take apart the "dovish" QT myth that has popped up.
Eurodollar University's conversation w/Steve Van Metre
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.