Something is majorly wrong when higher unemployment claims are good for the economy.
They will keep raising interest rates until unemployment gets to 3.8% or more.
Every since covid, a much larger percentage of the population have more money than they know what to do with. That is why they went out and bought RVs, boats, the decks, hot tubs, and all sorts of other big boy toys and home improvements.
That is slowly coming to an end. As people become unemployed. They stop going out to dinner and spending money on tings they do not need. That is when we will be well into the recession.
Then they will stop raising rates. Flatten out for awhile and eventually start to lower interest rates.
Thank you. I’ve been trying to figure out what they are talking about. The whole thing seems convoluted.