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MiXeD BaG
Mixed signals. Tuesday's US macro releases sent mixed signals.
Job openings -- a key input in the Fed's decision calculus -- fell markedly in September, the BLS said. Remember: This series is reported on a lag.
Openings were 7.443 million on the final business day of last month, more than 400,000 fewer than August's downwardly-revised 7.861 million. Both the decline and the downward adjustment to the prior month's release will be welcomed by the Fed. Obviously, no one wants to see openings fal
Quality.
Now if I can just avoid being one of the random liberals caught up in Trump’s cultural revenge dragnet everything will be alright.
Luv the Goldilocks formula.
If the Fed keeps cutting, at what point does the income they are no longer paying out start to matter? There’s such a big pile of government money market cash, it would seem to matter at some point.
Confusing. Maybe post covid era has begun. Util the next shock anyway.