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Reply to "Did you guys just see the latest job report? The forecast was so off "
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[quote=Anonymous]Calm down folks. By end of the day the market will be down significantly because the revisions to 2025 data were massive. Unfortunately media have these "ready to go" articles to publish as soon as the data is out and as a result miss the true story. The true story of this report is that the 2025 labor market was an absolute catastrophe. And the other catastrophe was that the Fed kept telling us that the labor market was (still is) strong. The credibility of the Federal reserve is really being tested here. The excuse that they have to rely on whatever BLS shows them need to stop. They have to find a way to have a better accurate reading of the economy in real time. I'm sure all the fantastic PhDs we have from Harvard, Berkeley etc can be more innovative than what they are showing us or what they are allowed to show us.[/quote]
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