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Coin Flip and NFP
AS the Jackson Hole fallout takes shape, it’s clear the Federal Reserve Board was attempting some measure of damage control to repair their failing report card.The Federal Reserve Boards credibility comes under the light time and time again, whether from constant misdirections or divisive policy debates that rage on in the public domain. Afte a week of guessing, Dr. Yellen left little to the imagination when she stated the case of a Fed rate hike had strengthened but remained very much data dependent. Given the proximity of the Granddaddy of all Fed Data, Non-Farm Payroll( NFP), without question, this week’s ... (full story)