TRA Macro Tracking Index

The Fed cut the benchmark rate on Wednesday, sending 10 year yields and the dollar lower. The Fed chair in part noted that it believes joblessness is being under reported by the Bureau of Labor Statistics, overstating openings by 60 thousand jobs per month. That could spell a very different picture for the labor market than we have been told by the departments. And due to the government shutdown we are still operating in a data shadow with growing uncertainty.

Stay tuned!