Making Data-Dependent Decisions with Undependable Data: The Fed is FEDUP!

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According to CNN, the Fed is “fed up” with economic revisions. Questions Source, E. Buchwald. (2024) The Fed is fed up with data revisions. CNN.com, Jan. 31 (Retrievable online at https://www.cnn.com/2024/01/31/economy/data-revisions-fed-rate-changes/index.html)

What’s a San Francisco restaurant without labor? Closed…..

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According to the Guardian, even hiking the minimum wage to $15 an hour and requiring health benefits, as San Francisco has done, hasn’t been enough to maintain a healthy heartbeat in the restaurant industry labor market, because the median price for a San Francisco rental is $4,550. Questions: 1. In the article, Gwyneth Borden, executive… Read more »

Cyclic Component of the Labor Force Participation Rate

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According to Bloomberg, U.S. central bankers seem to feel that when it comes to employment, they’ve done about as much as they can. As a result, the Federal Reserve’s Monetary Policy Report (released last week) concluded that the labor market was “at or a little beyond full employment.” Questions: 1. If you boil the whole… Read more »