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MM #85: Explaining China, Grilling the Fed
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An excellent jobs report failed to cheer markets, the Fed remains in focus and China just keeps topping the news. We tackle all this and the road ahead.
- NFP Rundown: A big gain in jobs was not good enough to cheer markets. What’s going on? We explain the good and the bad of the US labor market and the mood in financial markets.
- China’s economic woes: Is the Chinese stock market that important? What about the yuan? Markets do have reasons to worry about, but this may be behind the day-to-day headlines.
- Heated debate over the Fed’s policy: Paul Krugman, Larry Summers and Brad Delong all had criticism for the hike announced by the Fed, but for different reasons. Is the Fed using the correct models or just swinging by political pressures? We try to understand this all-powerful institution.
- Preview: A focus on the US consumer, who is yet to splash the cash that results in gasoline savings is the highlight.