So, Jay Powell just casually strolled to the podium at his press conference last week and announced the Fed now believes the US has been losing jobs at a rate of 20,000 per month. From strong and resilient to solid to, ah, so what we’re now shedding jobs by the tens of thousands per month. Do you see it yet? The Treasury curve does, which is why it is moving into its final form in this long un-inversion process, with the big moves taking shape and doing most of the reshaping right in Chair Powell’s conference room.
Eurodollar University's Money & Macro Analysis
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EDU's Webinar Series
Thursday December 17, 6pm ET
A Trillion-Dollar Eurodollar Bomb is going Off on Wall Street
The most important funding system in the world is flashing warning signals, and almost no one is paying attention.
https://event.webinarjam.com/channel/risks
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If you’re a serious investor and want to capitalize on what the monetary system is signaling right now, join me at Eurodollar University's very first Live Event, President's Day Weekend February 2026. To get your spot, just go here:
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NBER Determination of the December 2007 Peak in Economic Activity
https://www.nber.org/news/business-cycle-dating-committee-announcement-december-1-2008
FOMC Press Conference, December 10, 2025
https://www.youtube.com/watch?v=Ko-_yb2UkDk
Transcript
https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20251210.pdf
Bloomberg Fed’s Goolsbee Says He Sees More Cuts Than Most Others Next Year
https://www.bloomberg.com/news/articles/2025-12-12/fed-s-goolsbee-cites-need-for-more-data-in-dissent-against-cut
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU