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Nov 05 2022

The World As Powell Sees It

  • Nov 5, 2022

When the economy falls into recession, labor market measures will be among the last to tell us. We can’t resist watching them anyway, for two reasons. First, we know that the Fed’s self-proclaimed data dependency is unduly reliant on lagging data points, like the monthly employment report. We want to see what the policymakers are seeing, even if that sometimes means using the same, fogged-up rearview mirror.


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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager