The Fed must start easing more than previously expected because the negative jobs number is baking into market pricing the realization that the Fed will have to ease its stance; dollar weakness in response confirms this and indicates the structural downtrend in the dollar will likely continue.

causalpending

Speaker

Patrick Szna

Evidence Quote

The Fed is going to have to ease a little bit more than expected...the dollar has weakened on that [48:33]

Source

MacroVoices #492 Daniel Lacalle: The End of American Exceptionalism?Macro Voices
Created: 8/11/2026, 7:39:51 AM

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