Make Sense of Jobs Data, plus Deflation is Back - Daily Live 2.7.23 | E314
Talking about the Jobs Report's effect on Chairman Powell's recent interview. Then we get into the SLOOS data showing credit contraction.
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In today's episode, I react to Powell's interview at the Economic Club of Washington D.C. Many people were wondering if Powell's tone was going to change since the week before's FOMC press conference, given the Jobs Report came out and showed major tightening of the jobs market.
After I react to that interview, I read through a story about lending in the US is falling off a cliff. Tightening lending standards mixed with crashing demand for loans. Enjoy.
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