Surveillance: US Payrolls Crush Estimates
Bloomberg Surveillance
00:00
The Market Pricing of What Is a Boogeyman
I think the market worries about tail risk shock events, crises. But that's very different than kind of fundamental economic performance. The market is really wedded to this view that we go very rapidly back down to a pre-COVID 2% inflation rate. And today's data is just kind of another piece of evidence that says, that's not what we're really seeing in the economy yet.
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