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Andy Fately's avatar

It's funny, the more I observe Powell and the Fed, the more I've come to believe that they have a plan regardless of the data and are only using the data to support their plan. given that the data has been remarkably mixed, with both strong and weak economic indicators printing regularly, depending on what they want to highlight, they have support. if they really want to cut, then today's revisions will help the case. but if they don't they can simply look at the recent trend in Initial Claims and highlight their decline supports a stronger labor market and the revisions are very backward looking

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