Not to pile on, but there is a huge public misunderstanding when it comes to economic data. The data is lagging, usually by a full year. The policies that lead

Not to pile on, but there is a huge public misunderstanding when it comes to economic data. The data is lagging, usually by a full year. The policies that lead to that data are from the year before data collection, at a minimum, more likely two+ years. Economic policies generally take time to ripple through the economy. Generally. There are exceptions. Interest rates tend to affect things pretty quickly relative to other changes.