Ho ho wut? Data looks awful one day but fine the next. Yesterday's Empire Fed plunged, yet today the gov't reports retail sales numbers that look fine. Was Christmas a bust, or was it strong like everyone now says? Reconciling these numbers - including production - isn't really difficult starting with "strong" context.
Eurodollar University's Money & Macro Analysis
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #ratecuts #federalreserve #fomc #fedpivot
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