If you were to go off of only data collected by the Federal Reserve on the economy, you'd be left with no other option than to see it at best on the doorstep of full-blown recession. Yet, officials argue inflation anyway. The real question is where all this information and evidence instead fits the "labor curve." Unfortunately, the Fed's numbers all fall on flat. 

Eurodollar University's Money & Macro Analysis

Fed Beige Book April 2025
https://www.federalreserve.gov/monetarypolicy/files/BeigeBook_20250423.pdf

Texas Manufacturing Outlook Survey 
https://www.dallasfed.org/research/surveys/tmos/2025/2504#tab-report

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU