2min chapter

Forward Guidance cover image

Everything You Need To Know About The Fed’s Meeting | Danielle DiMartino Booth

Forward Guidance

CHAPTER

What's the Most Critical Data Point to Come Out in the Last Week?

The University of Michigan queries twice a month percentage of people who think the unemployment rate is going to rise. The last time we have this number rise like this was December 2007, when it hit 47%. Once there's a recognition on Main Street that layoffs are coming, then more will get the message.

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