⚡️ The Fed is Losing the Plot, and the JOLTS Data Just Proved It. ⚡️
Folks, stop the presses. The latest JOLTS Job Openings number just landed like a gut punch at 7.6 million. Forget the whispers and the forecasts—this is massively above expectations, and if you felt the air pressure drop, it wasn't a sudden storm.
It was the instant, visceral reaction in the market: the odds for a December rate cut immediately tanked by 10%.
Let's not mince words. This isn't a sign of a "strong economy"; it's a flashing red light screaming that the Fed's celebrated tightening efforts are having all the impact of a wet noodle.
The jobs market is still running at a fever pitch, defying gravity and every single one of Powell's careful little pronouncements. They are officially losing their grip. Their policy levers are either busted, or they're pulling the wrong ones.
The takeaway? If the engine of employment is still roaring this loud, the inflation fire is nowhere near out. Get ready for a bumpy ride, because the central bank narrative just hit an iceberg, and it's full steam ahead into uncertainty.
