I think it's safe to say that if the labor market were already shedding hundreds of thousands of jobs each month, the Fed would have stopped its rate hikes by now.
I think it's safe to say that if the labor market were already shedding hundreds of thousands of jobs each month, the Fed would have stopped its rate hikes by now.which will influence the economy 12-18 months from now,That's why I said on air the other day that the Fed's "dot plot"--its own members' projections of where rates will be next year--are themselves one of the biggestfrom how the economy has performed in recent months, and have no actual predictive value..
I'm not talking about stock prices, per se, but rather about implied future interest rates and inflation expectations based on where bonds are trading. Things like yield curves, forward "spreads," and monetary aggregates.
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