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Analysis: U.S. jobs data revisions won't matter to Fed policymakers
4days ago

Odaily Planet Daily reported that Michael Brown, senior research strategist at Pepperstone in London, said: "To be honest, I don't think this will really have much impact on the market or the Fed's policy outlook. (The employment data) was obviously revised downward significantly, which makes you believe that the labor market may be stagnant, or at least losing momentum for longer than we previously expected, but this is all people can see from the data." "The data is quite lagged, so it will not have much impact on the Fed's policymakers, who are still expected to cut interest rates by 25 basis points next Wednesday, and it will not have much impact on the market. Swap rates have hardly changed since the data was released." "If this can tell us anything, it is that the U.S. Bureau of Labor Statistics (BLS) really needs to improve its data collection methods as soon as possible, because this is the second consecutive year that there have been large benchmark data revisions. However, Trump obviously has his own ideas - which may not be entirely appropriate - about how they should do this." (Jinshi)