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Payrolls faced downward revisions due to faulty birth-death model
(
seekingalpha.com
)
4 points
by
ryan_j_naughton
3 months ago
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1 comment
toomuchtodo
3 months ago
[–]
The bad news is the model needs fixing, the other bad news is the Fed is behind due to bad model output around the health of the labor market and might need to cut faster to keep the labor market reasonably healthy.
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch...
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