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the January 2023 payroll report as you know was big I mean really big how big was it well it was much bigger than the plus 517 000 number that the BLS spit out of its various surveys and calculations it was so big that it reignited this Ultra hawkish position from many fomc members who nowadays are running around talking about oh more 50 basis point rate hike maybe 75 we need to get federal funds right up into double digits together with the unemployment rate for January then the CPI that was allegedly hotter than it was should have been um retail sales that was big in January now weve got this no Landing scenario for the economy where the economy it doesnt even need a soft Landing its just going to continue right on as if nothing more than a tiny little slow down at the end of last year and underneath all of that this robust labor market that is pictured by these labor market data that the government puts together and how theyre interpreted by economists Central Bankers in the ma
