Does the Fed listen to data or dogma?


WASHINGTON, MD – MARCH 07: Federal Reserve Board Chairman Jerome Powell testifies before the Senate Banking, Housing, and Urban Affairs Committee.

Kent Nishimura | Los Angeles Times | Getty Images

Sometimes you hope others will pivot when you have new information that should change the minds of decision makers. We got our non-farm payroll numbers and they were predictable, but due to poor tabulation of the numbers, we may be getting the wrong reading. We’ve been waiting for the other shoe to drop, and it’s really starting to.

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