Is This The Kind Of Chart That Makes A Central Bank Tighten Up?

Here is the U.S. Labor Markets Conditions Index (LCMI) for 2006 through latest reading, for February: Ironically enough, the LMCI is a creation not of the Bureau of Labor Statistics, or a do-goody liberal outfit, but of…the U.S. Federal Reserve. That’s right, the same central bank that has an inclination towards tight money is the…

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