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Fed officials have repeatedly stated they are going to be patient before pivoting to rate cuts. But that would only be the case if the economy is actually strong and resilient. Should the labor market show signs of falling off dramatically, they’d cut their rates in a hurry. Today’s macro data were filled with exactly those kinds of warning signs.Video Length: 00:19:17More By This Author:Recession Warning Signs You Need To Be WatchingGlobal Unemployment Is Rising You Won’t Believe What China’s Central Bank Is Doing
