The Fed thought yesterday's rate cut would tackle rising unemployment. Well, fresh data dropped Thursday—and it looks like this fight might drag on longer than anyone expected. The jobless numbers aren't cooperating with the central bank's playbook. Classic case of economic reality refusing to follow the script. Markets hate uncertainty, and this unemployment puzzle just added another layer of it.
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OnlyOnMainnet
· 12-14 23:04
The economy is starting to play tricks again; the Federal Reserve's script is just meant to be slapped in the face by reality.
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SoliditySlayer
· 12-13 17:50
Fed's good plans have once again fallen flat, with unemployment data not cooperating, so they still have to keep struggling ahead.
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SeeYouInFourYears
· 12-11 23:23
Fed is really outrageous. Lowering interest rates can't solve unemployment. What's the script for this?
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SelfMadeRuggee
· 12-11 23:21
Alright, now the Fed has to eat some humble pie. Cutting interest rates won't fix unemployment. LOL
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SatoshiChallenger
· 12-11 23:14
Interesting, yet another genius who thinks they can solve unemployment has appeared, only for the data to slap them in the face. Ironically, this kind of scenario repeats itself in every bubble cycle.
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Lonely_Validator
· 12-11 23:12
The Federal Reserve screwed up again. As soon as this data came out, it’s clear that interest rate cuts won’t be able to fix the unemployment rate at all.
The Fed thought yesterday's rate cut would tackle rising unemployment. Well, fresh data dropped Thursday—and it looks like this fight might drag on longer than anyone expected. The jobless numbers aren't cooperating with the central bank's playbook. Classic case of economic reality refusing to follow the script. Markets hate uncertainty, and this unemployment puzzle just added another layer of it.