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The Fed's Role in Banking System Stress
There's nothing about the labour market that says it's cracking Right? So there's one uptick in initial jobless claims, one, this cycle so far And there's been 14 upward revisions in the labour sector. We've printed 300,000 jobs last night, it is actually crazy... But stocks are at high as unemployment is still low but I guess they don't want to over hike You keep hiking then, it's like okay That gets worse than it shouldYeah, well, so financial conditions are really important and right now financial conditions, you know, where the Fed is most focused on Is probably with respect to banking system stress The further you jack up front end rates, the more that