Breitbart Business Digest: Good News Is Bad News in Biden's Economy
Posted on AllSides April 18th, 2024
From The Right
A lot of economic data was released to the world Thursday, and most of it supports our analysis of the Beige Book from yesterday’s Breitbart Business Digest. Jobless claims were flat at 212,000, which was also right around what prognosticators predicted. This number is quite low, especially for people looking for excuses for the Fed to cut interest rates. As we noted earlier this week, there is zero evidence a cut is coming any time soon, and the hot labor market is the biggest indicator of that (behind rising inflation)....
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