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The biggest mistake the Fed can make right now
Wall Street Unplugged - What's Really Moving These Markets
The Fed's Unemployment Rate Falled to 3.4% in April
The unemployment rate fell to 3.4%. The last time we saw a percentage like that on unemployment was 1969. What makes matters worse for the Fed and what I had no clue because it'd never been a situation like this is wages also went up in April. Even GDP, GDP numbers are going higher. This is an incredible report considering we are supposed to be at a point where everything's really, really slowing down.
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