Central Banks may be Data Dependent, Whatever that Means, but Investors Aren’t
US jobs growth slowed in August, but nearly all the subsequent data, including retail sales, industrial and manufacturing output, housing starts, permits, existing home sales, and leading economic indicators were stronger than expected. Core CPI accelerated to an 11-year high of 2.4%. Economic surprise models have exploded, and Citibank’s measure reached an 18-month high last …
Central Banks may be Data Dependent, Whatever that Means, but Investors Aren’t Read More »