Eurodollar University The Most Important Economic Revision in Years Just Happened
Dec 5, 2025
The discussion dives into the significant data revisions that cast a troubling shadow over the economy. With plunging Treasury bill yields signaling a potential Fed rate cut, market interpretations clash with hawkish rhetoric. Sharp drops in hiring and rising layoff announcements reveal labor market weaknesses. Revisions of key economic indicators further suggest that current data may be overstating economic strength. The implications point towards likely further cuts from the Fed, despite the uncertainty from policymakers.
AI Snips
Chapters
Transcript
Episode notes
Bill Market Signals A December Cut
- Treasury bill yields collapsed indicating markets are certain the Fed will cut next week.
- Four-week and three-month bill yields fell ~27 bps, showing big-money certainty on near-term easing.
Webinar Invite On Eurodollar Tightening
- Jeff Snider promotes an upcoming Eurodollar University webinar on tightening eurodollar conditions.
- He invites listeners to join the December 17 webinar to learn what tightening means practically.
Layoff Announcements Are Alarmingly High
- Layoff announcements remain elevated with 2025 on pace with prior recession years.
- Challenger reports over 1.1 million planned layoffs year-to-date, signaling notable employment weakness.