Year-end financial markets can be difficult, and winter economic data is difficult to read. It makes more sense that December will be month they skip. You don't want to be raising rates into what can be an illiquid market. |
Years from now, new benchmark revisions will come along and change the whole picture again -- which begs the question of how important these monthly payroll changes are. I think it's irresponsible to make too much of these reports. |