Maybe the FOMC isn’t so surprised by the payroll benchmark revision estimate

It may be making too much of out a single quote, but in the minutes of the July 30-31 FOMC meeting said, “Many participants noted that reported payroll gains might be overstated, and several assessed [...]

By Theresa Sheehan|2024-08-21T12:38:02-07:00August 21, 2024|

Global data flat to underperforming: China and US both weak

Global data on net are posting near consensus estimates, at minus 7 and just below the zero line on Econoday’s Relative Performance Index (RPI). Yet when excluding what have been as-expected to firmer-than-expected inflation data, [...]

By Jeremy Hawkins|2024-08-09T06:52:48-07:00August 9, 2024|