Surveillance: US Payrolls Top Estimates
Bloomberg Surveillance
00:00
The Only Certainty Is the Uncertainty
I think the market is being whipsawed a lot around positioning and technicals around 25 versus 50. So you have to be careful about over interpreting kind of the longer run fundamental interpretation from today's news. The history of the accuracy of forecasting inflation here just doesn't bear out that degree of confidence. And so it's really about recognizing what we know and what we don't know relative to what's priced into the market in there.
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