Even though there will be plenty of economic news to discuss in the days ahead, this week is fairly light for economic data releases. Just a handful of reports will come out that cover jobs, housing and consumer sentiment.
However, we’ve noticed a trend within the data itself over the last few months. A lot of major reports have been affected not by the fundamentals of what’s going on in this economy, but by “noise.”
Whether it’s big weather events like storms and hurricanes, labor strikes or optimism and concern about the new administration’s policies, they’ve affected the economic data lately. Economists have been wading through the muck.
The thing about noise — whether it’s literal or the figurative kind — is that it can be distracting. Like if construction or home sales surge in the months after a natural disaster.
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