Core Viewpoint - The Federal Reserve's decision to maintain its current stance is deemed correct in light of strong non-farm payroll data, which contrasts with recent weak economic indicators [1] Group 1: Economic Data Analysis - Strong non-farm employment report indicates resilience in the labor market, overshadowing recent weak economic data [1] - Hard data is perceived as more reliable than soft data in the current economic context, suggesting a positive outlook for the economy [1] Group 2: Market Implications - Market changes are leading to a flattening of the yield curve, which may continue as popular steepening trades are unwound [1] - The current market dynamics reflect a shift in investor sentiment and strategy in response to economic data [1]