Why The Richmond Fed Better Not Be A Harbinger Of Non-Farm Payrolls To Come

The chart below, which compares the change in the Richmond Fed and the Non-Farm Payrolls print, is self-explanatory. Of course, if we are indeed about to get a -400,000 NFP print, then the prayers of all those newsletter sellers whose only "thesis" is more easing, are about to be answered.

h/t Brad


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