Futures Market Sees -96% Change Of Rate Cut In September

Danielle DiMartino Booth
By Danielle DiMartino Booth of QI Research
Former Advisor, Federal Reserve Bank of Dallas •

We no longer see small, incremental rises in the unemployment rate. Instead, it now mirrors early 2008's sharp monthly increases of 3.1 percentage points.

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We don't see small incremental moves up in the unemployment rate anymore. It now resembles what we saw in early 2008: a sudden increase of 310 percentage points in the unemployment rate every month. There are already components moving in that direction.

Video Length: 00:04:11

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