Data are central to Fed policymaking, and that's a good thing. However, data are imperfect and do not speak for themselves, so sometimes they lead us astray.
Excellent post, especially the deep background in the 56-page procedure report. As a matter of curiosity, have they tested their 25/75 dispersion measure with subsequent data since 1996? Thanks for your work!
Great article and drill down into the Michigan Sentiment and its revision. Small number of respondents having a potential big sway on public policy. Thanks for the insights.
Excellent post, especially the deep background in the 56-page procedure report. As a matter of curiosity, have they tested their 25/75 dispersion measure with subsequent data since 1996? Thanks for your work!
Yes, there's been a lot of work done with the survey. And there are other measures the Fed looks at.
Great article and drill down into the Michigan Sentiment and its revision. Small number of respondents having a potential big sway on public policy. Thanks for the insights.