UBS On-Air: Paul Donovan Daily Audio 'Data is not changing anything'
UBS On-Air: Market Moves · Podcast owner
November 4, 20241m 52s
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Show Notes
The US employment report last Friday was weak, but distorted. It does not add much useful information on the US economy, although it serves as a reminder that real time economic data is not reliable and is frequently revised. Federal Reserve Chair Powell’s strategy of data dependency depends on undependable data.