Gotta wonder if the Fed would have cut rates if they had accurate jobs data two months ago. I believe the answer is yes. Instead the jobs data made everyone think the economy was booming when in fact it was in deep trouble.
The cure for the destructive tariffs is rate cuts. Consumer spending has flatlined, construction and manufacturing are in trouble and now employment is falling. With inflation on the rise, rate cuts could make it worse. Oh boy, what a conundrum .
Alarming statistics coming out of the manufacturing sector. It’s bad.
The recession Is deepening. Don’t shoot the messenger. Can’t fire your way out of this mess.
