The U.S. Initial Jobless Claims recorded a new ATH since August 2023 π¦
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Even though the πΊπΈ labor market is getting worse, market participants anticipate that the first federal funds rate cut will be on this September.
The πΊπΈ CPI(Consumer Price Index) is getting stablized and decreased over time. If the Fed is late to decrease the interest rate in the future, it might not be a soft landing.
The next FOMC meeting is in around 10 days left. I hope that Powell, the chairman of the Fed will make a political decision for the monetary policies π
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