the left curve understanding you need to know of rates/get into your mind is that the front end of the curve largely trades based on fed expectations, long end of the curve usually closer to growth expectations its why the whole "powell needs to cut for mortgages" is non-sensical but also it is pretty clear he's definitely late now with a weak labor market

like this is pretty insane. powell just been going up meeting after meeting "the labor market is strong" and it's not

@J_PMoregain yeah begs the question where is this data coming from, how does powell and the fed not have it / how were they not looking at it, and why are there these huge revisions