Excellent first post. Thank you! If the volatility of data is high, is this more like a 80/90s data cycle in terms of characteristics? Will market participants, who have become accustomed to a smooth data path, have to continually adjust expectations for the policy path or do you expect firmer policy guidance?
Excellent first post. Thank you! If the volatility of data is high, is this more like a 80/90s data cycle in terms of characteristics? Will market participants, who have become accustomed to a smooth data path, have to continually adjust expectations for the policy path or do you expect firmer policy guidance?