Source item
Open original source ↗Given downward preliminary revision in year ended March 2026, nothing surprises
Official data: private sector ex-Edu/HC lost an average 45k jobs/months in 3 quarters ended Q1 2026
Warsh’s description: “On the
employment side of the Fed's dual mandate, our country is doing well”
Quoted context
These are the quoted author’s words.
I think next week’s payrolls print will disappoint, and has decent (though not our baseline) chance of being negative. Supposed it is a negative print. There is no modern Fed era precedent of Fed hiking after two negative payrolls prints. Still 50-50?
AnnaEconomist ↗