Citi Wealth Interim chief investment officer Steven Wieting shares his perspective on the Fed's decision and its implications for the job market on Market Domination.
Thus far, if you take a look at the downward revisions that we've seen for 12 months, they've averaged 33,000 uh for non-farm payroll with revisions.So, what's happening in every likelihood is when you see Friday's Payroll report, it's an overstatement of the actual strength. Let's just remember uh their last summer of economic projections for a little more than two years from now, they have policy rate at 31.
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