We’re looking at multiple economic indicators like the yield curve and jobless claims to assess recession risks
While an economic downturn is not here yet
Risks of it are gradually increasing
At this rate, we cannot rule out an H2 recession for sure
— Game of Trades (@GameofTrades_) July 2, 2024
All the "job openings" were for government jobs!
The monthly increase in government job openings was the second highest on record pic.twitter.com/gEYm2hdqxd
— zerohedge (@zerohedge) July 2, 2024
SUMMARY OF FED CHAIR POWELL'S COMMENTS (7/2/24):
1. The trend of disinflation appears to be resuming
2. Need to be more confident before reducing rates
3. Fed doesn't see 2% inflation "this year or next year"
4. Budget deficit is very large and unsustainable
5. 4%…
— The Kobeissi Letter (@KobeissiLetter) July 2, 2024