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The shocking reason for rate hikes.

Eurodollar University

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Introduction

In July, the Bureau of Labor Statistics told us that for the month of June 2022, the unemployment rate in the U.S. had been 3.6%. You might recall just a couple weeks ago, the BOLS said that for January 2023, the unemployment rates had gone down even further to 3.4%. From that, we can infer, or at least we're supposed to infer, that theU.S. labor market is incredibly tight. But yet, over those same seven months, according to the same Bureau of Labor statistics, the CPI went from red hot to something else. In the seven months up until June, including June of 2022, the CPI was rising

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