The Big Miss
Written by Jim Welsh
Macro Tides Weekly Technical Review 10 May 2021
From Jay Powell’s perspective it didn’t matter if 1,000,000 jobs were created in April or the 266,000 that were added according to the Labor Department. Jay and the FOMC are committed to waiting for the unemployment rate to fall significantly and for core inflation to rise above 2.0%.
Source: http://econintersect.com/pages/investing/investing.php?post=202105102357
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