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What the hell does this data mean?
Ho ho wut? Data looks awful one day but fine the next. Yesterday's Empire Fed plunged, yet today the gov't reports retail sales numbers that look fine. Was Christmas a bust, or was it strong like everyone now says? Reconciling these numbers - including production - isn't really difficult starting with "strong" context.
Eurodollar University's Money & Macro Analysis
https://www.eurodollar.university
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#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #ratecuts #federalreserve #fomc #fedpivot
The skinny
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