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Fed Will Hike Rates Into Economic Train Wreck | Danielle DiMartino Booth

Forward Guidance

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The Resilience of the US Labor Market

The unemployment rate officially now stands at 3.7% nowhere near a traditionally recession level. The official data does not point to stress in the labor market. But you are tracking a lot of non-mainstream metrics that point a very, very different story. For three months in a row, 90% of the US population has been living in a state with rising continuing claimants. Hawaii is about to flip leaving us with just Kansas and Oklahoma.

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