By Martin Baccardax Falling jobless claims, firm December hiring gains and historically low unemployment in the face of mounting recession risks are adding a new layer of complexity to the Fed’s rate messaging. It’s not “the economy, stupid”, as political strategist James Carville once famously declared, it’s a stupid economy. Well, at least that how it appears. Bond markets have flashing recession warnings for several months, tech giants are slashing jobs at a worrying pace, retail sales are falling through the floor, even with the boost of cheaper gas prices, and the housing market hasn’t be…