Chicago Fed President Goolsbee: Uneasy about front-loading rate cuts due to limited inflation data

The Chicago Fed labor market indicator. It's a new thing published. It's out this morning.It's a new report that brings together a lot of different alternative market indicators along with the government data, but we don't have the government data. So, this indicator is now filling in for the missing government data with other private sector data. It's confusing.You can read it online, but the bottom line is this. Estimates the unemployment rate most likely unchanged at 4.36% in October. But there's a 40% p ...