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Payrolls faced downward revisions due to faulty birth-death model
- toomuchtodo 1y agoThe bad news is the model needs fixing, the other bad news is the Fed is behind due to bad model output around the health of the labor market and might need to cut faster to keep the labor market reasonably healthy. https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://www.cmegroup.com/markets/interest-rates/cme-fedwatch...