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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][quote=Anonymous][quote=Anonymous]Also regarding BLS numbers. They're not reporting all of the numbers like they have in the past. They're only reporting certain data points and that helps them skew their numbers to fit their narrative. The data points, which will show huge swings in the negative are not even being reported so they're not impacting the statistical calculation.[/quote] Lying about jobs numbers actually makes it less likely the Fed will cut rates. For instance, the market had been pricing in a rate cut in June. Now due to these "better than expected" numbers, it's being priced in for July. If they want their rate cuts, it would actually behoove them to lie in the opposite direction, though of course then that would conflict with the "best economy ever" narrative. [/quote] Why do you think the Fed will consider data any longer after May?[/quote]
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