Reported about 2 months ago
In light of upcoming Federal Reserve discussions, LPL Financial's Quincy Krosby highlights the critical role of labor data revisions in shaping the Fed's policy. As investors await potential rate cuts, Krosby emphasizes that any inaccuracies in payroll data between April 2023 and March 2024 could significantly alter Chairman Jerome Powell's approach to the labor market, suggesting that the perception of a strong job market may need reevaluation.
Source: YAHOO