Stay updated with breaking news from Michael mckee tom. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Tom good morning, everyone. Bloomberg surveillance. And keep her being with us on Bloomberg Radio and bloomberg television. Thisan important our is an important hour. Will join us later, carmen and Vincent Reinhart. Morning,at we see this the only thing that matters. Dollar out to new weakness. Jonathan dxy taking out the lows of early september. That is the dollar index, heavily weighted towards this goal currency. The eurodollar nicely through 1. 19. Another monday with a cyclical tilt. Small caps outperform big tech, largely off of some positive vaccine news. Haddownside surprises weve in the Economic Data over the last week, we need to Pay Attention to that. Im excited to hear what david has to say about that. Tom lets frame that right now. I look at the 55year ....
Openings. Aredifficulty that firms facing in hiring workers, the level of confidence we see in surveys about the labor market. All of that is pointing to the vast and continuing improvement in the labor market. We see sufficient strength in the economy in terms of spending, that growth with its nevertheless, but looks to be Strong Enough in the median term to support ongoing improvement in the labor market. All of that is good. The American People should feel steps were taken to normalize Monetary Policy, ones that we feel are well justified, given the substantial progress we have seen in the economy. Inflation is running below where we wanted to be. We have talked about that a lot during the last hour. This past year, it is not clear what the reasons are. It has not been mysterious in the past. Inflation has been runni ....