This Fed is completely detached from reality. Market weakness is already baked in. They’re driving blind!

James E. Thorne @DrJStrategy

Average Hourly Work Week.

Leading Indicator!!!

Only time lower GFC!

Powell said today the labor market showed no signs of weakness.

FFR = 4.33% and Fed still doing QT!!

r*=2.75%

Powell’s Fed is living in an alternate universe.