What the hell does this data mean

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Ho ho wut? Data looks awful one day but fine the next. Yesterday's Empire Fed plunged, yet today the gov't reports retail sales numbers that look fine. Was Christmas a bust, or was it strong like everyone now says? Reconciling these numbers - including production - isn't really difficult starting with strong context. • Eurodollar University's Money Macro Analysis • https://www.eurodollar.university • Twitter:   / jeffsnider_edu   • #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #ratecuts #federalreserve #fomc #fedpivot

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