Powell said the Unemployment Rate was now more important than payroll numbers…4.4% is a new cycle high. Highest since 2021. Fed officials voicing concerns about private credit lately.
https://twitter.com/spice1975503/status/1991520334458343476 Noticing a growing number of Fed officials voicing concerns about private credit lately. But this one is esp notable where one of them is openly highlighting risks among life insurers (its largest investor base). If the Fed is concerned …