Don’t Count on Job Losses to Trigger Fed Rate Cuts—Watch Inflation Instead

GDP Is Shrinking—But That’s Not the Fed’s Concern The U.S. economy isn’t looking too hot right now. According to Comerica Bank’s Chief Economist Bill Adams, real GDP for Q1 2025 came in weaker than originally thought. And while Q2 might show a rebound, it’s not exactly cause for celebration—it’s more like bouncing off the bottom of the pool. Adams told Kitco News that the rebound is “low-quality,” driven more by fewer imports than by real growth. Consumers and businesses are pulling back, retail sales are down, factories are slowing, and housing starts are falling. That’s not a recovery—that’s a red flag. The Labor Market Is Slowing Quietly Labor demand is softening, even if it doesn’t look like it on the…