↵
Image Source: Pexels
The Fed just cut its benchmark rate by 50-bps even though jobless claims are among the lowest in their history. At the same time, CPI shelter prices have accelerated. Neither seems like it would warrant the Fed action yet there are good reasons to believe true unemployment is very different from claims and current market rents are plunging.
Video Length: 00:18:38
More By This Author:
New Data Suggest Hiring Has Never Been This Bad
Germany Is In Full Blown "Crisis" Mode, Here's What That Means For The World
Jerome Powell Bombshell Speech Reveals Everything You Need To Know About The Economy
Comments
Log in or sign up to join the conversation.