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Logan Mohtashami: Why the Fed cares more about job losses than inflation data

HousingWire Daily

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The Fed's Forecast for Jobless Claims

The bond market has already gotten ahead of the Fed on this. Janet Yellen said, there is no tightening of credit due to the banking crisis. The small index, the small business index came out and they have a credit tightening chart. And that data line looks like it's heading toward 2008 levels because credit is getting really tight. They are saying things, you know, this is like an airplane skit or something. I see a group of people that are confused. We just have to take the data, the labor data, one week at a time and one month at a time with the monthly reports"

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