- Jobless claims are trending down. Way down. Lower than 2007.
- Employment rate is down. Not to their target, but lower with the trend in the Fed's favor. (Unless the Fed governors are looking at the number of applicants who withdrew from searching for a job to sway their opinion.)
The employment trend simply don't justify 2015 tightening. If the job trends continues, we will be at 6.5% in about 6 months.
Surprised by the dovish tone.
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