for now
Posted on: July 10, 2023 at 15:28:40 CT
ashtray UF
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but like you said, student loan payments are coming due and the Fed isn't signaling they are done raising rates. As production slows, so will employment. Unemployment rate is a lagging indicator, so it will be 6 months into a slowdown before the Fed even realizes they went too far. I'm not buying the whole "Fed doesn't matter" argument.