UBS On-Air: Market Moves
UBS On-Air: Paul Donovan Daily Audio 'Data is not changing anything'
04 Nov 2024
Description
The US employment report last Friday was weak, but distorted. It does not add much useful information on the US economy, although it serves as a reminder that real time economic data is not reliable and is frequently revised. Federal Reserve Chair Powell’s strategy of data dependency depends on undependable data.
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