In summary, for 2024, the market will not be pessimistic if the unemployment rate does not exceed 4.4%, and the closer the core PCE is to 2.6%, the safer it is.
The next update of the quarterly indicators will be in 2025, so there will be no GDP data in 2024, and the unemployment rate represents the economy.
The Fed has increased its confidence in a soft landing. There is no problem with the economy at present, and everything is defensive.
