Catastrophic: Fed Revises New Job Growth From 1.2 million to 10K for Q2.

The Fed has been raising interest rates on cooked books created to make a political party look competent.

The Feds goal is to slow the economy down by raising interest rates to get inflation under control. They want to see lower job growth and slowing retail sales.

The problem is, the jobs were never there in the first place and the retail spike has been linked to the California stimulus in October.

Expect a Fed pivot, but I think it is already to late. Next year is going to be an economic pain train.

The Fed raised interest rates sharply in a full blown recession on false data. Let that sink in.

mishtalk.com/economics/the-philadelphia-fed-just-revised-jobs-lower-by-1-2-million-for-q2

www.forexlive.com/centralbank/philadelphia-federal-reserve-says-10k-jobs-were-added-in-the-us-in-q2-not-1-million-20221216/

h/t Bastage