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Consumer confidence has dropped sharply over the past few months as Americans are now more concerned about jobs and incomes than prices. The shift has been so pronounced that even members of the mainstream media are questioning FOMC officials. Hardly strong and resilient, there's rising unemployment and declining confidence mixed with a bevy corporate warnings. Eurodollar University's conversation w/Steve Van Metre FRB Chair Jay Powell Press Conference June 12, 2024 https://www.youtube.com/watch?v=YqaxWf7gsQA Transcript: https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20240612.pdf https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU Eurodollar University's Anniversary Webinar: The Fundamentals of Interest Rates over the Next 12 months. Sign up below: https://event.webinarjam.com/channel/rates |