November Jobs Preview: "We Have Returned To Bad Data Is Good For Stocks"

"We wanted to send a strong signal that we were going to support the labor market if it continued to weaken … The economy is strong, and it’s stronger than we thought it was going to be in September. The downside risks appear to be less in the labor market, growth is definitely stronger than we thought, and inflation is coming a little higher … So, the good news is that we can afford to be a little more cautious as we try to find neutral.” – Jay Powell