Don’t Bank on a Pause, The Streaming Wars, and San Francisco the New Detroit? 5/5/23
The Exchange
00:00
The Fed's Revisions for March Are Tipping in the Different Direction
The revisions for March was the lowest March since December 2020 when we actually saw employment contract. We had the longest string of upward revisions until about February and then they moved back down again in the last two months. And I think this is really important because it means that we could be at a tipping point where we're now over shooting the initial report on job gains rather than catching up. It's very hard to derail the underlying inflation without an increase in unemployment more slack in the overall economy.
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