Right on! Seems to me if strong jobs continue the onus will be NOT on people who don't wan to cut rates and see policy that is not restrictive (minority) over those who say it is still too restrictive and must be cut more now (majority).
Agree that Fed needed to cut relative to overall trends of economy, businesses, markets. The strong jobs report now signals it can wait on data toward progress of future cuts. Should not be viewed negatively by investors in my opinion. This fits with trends of the Schumpeter business cycle model. My model has similar characteristics when the Kitchin signals headwinds while the more important decadal Juglar signals economic growth to near end of decade. Working well... again.
Right on! Seems to me if strong jobs continue the onus will be NOT on people who don't wan to cut rates and see policy that is not restrictive (minority) over those who say it is still too restrictive and must be cut more now (majority).
Agree that Fed needed to cut relative to overall trends of economy, businesses, markets. The strong jobs report now signals it can wait on data toward progress of future cuts. Should not be viewed negatively by investors in my opinion. This fits with trends of the Schumpeter business cycle model. My model has similar characteristics when the Kitchin signals headwinds while the more important decadal Juglar signals economic growth to near end of decade. Working well... again.