Here's one reason to doubt the reliability of data used by the Fed to determine how aggressive it needs to be to tame inflation, according to Fundstrat

Dec 7 2022 by Business Insider

 
Tom Lee was formerly JPMorgan's chief equity strategist.

Brendan McDermid/Reuters

The plunging response rate of various economic surveys could call into question the reliability of Fed forecasts, according to Fundstrat.Low response rates could be overstating the tightness of the labor market."How accurate is the surge in 5 million additional job openings, when there are 1/3 fewer respondents?" Fundstrat's Tom Lee asked.

An ongoing plunge in response rates for popular economic surveys could call...

Continue Reading Here's one reason to doubt the reliability of data used by the Fed to determine how aggressive it needs to be to tame inflation, according to Fundstrat