Hopefully employment, historically a lagging indicator, somehow leads consumption and GDPthis time.
(As always, I could be wrong, but I wouldn’t bet even your money on it…)
But seems more than enough for the Fed to ‘taper’ which of course is of no further economic consequence of substance.
Of more concern is rising gasoline prices, for example.
And this latest Egyptian drama has only just begun.
Seems the revenge of the Brotherhood is inevitable.