Will the Fed Follow GDP or Jobs Data? | Presented by CME Group

[Music] Recent US GDP data still shows strong growth, but labor figures point to a cooling job market. The key question, which signal wins out. Will growth slow to match weaker employment, or will hiring rebound to meet GDP strength.For my view, the Fed puts more weight on jobs than GDP. Maximum employment is one of its dual mandates alongside price stability while GDP is not. That means policy adjustments will hinge more on labor data and soft jobs numbers could drag growth lower.With the government shutdo ...