Fed Cuts Rates by 50bps Amid Plunging Jobless Claims, Confusing Experts The day after the Federal Reserve cut interest rates by a significant 50 basis points (bps) — a move typically associated with major economic distress — jobless claims data has come in unexpectedly low, signaling that the economy is far from experiencing a "soft landing" and is...

PPI Falls Unexpectedly, Jobless Claims Surge: Economic Reality Check  After a softer-than-expected CPI report triggered a buying frenzy in stocks and bonds (until Powell dampened the enthusiasm), today's PPI is anticipated to be mixed, with a smaller month-over-month increase but a higher year-over-year rise, surpassing the 12-month highs reco...

Rising Jobless Claims Amid Questionable Government Data and Trends  Another week brings another jobless claims report from the government to scrutinize. According to the data from Biden's Department of Labor, 229,000 Americans filed for unemployment benefits for the first time last week, up from a revised 221,000 the previous week, and higher ...