Fed Mines Big Data for Real-Time Clues on Spending and Payrolls - forex leaning place

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Saturday, 11 August 2018

Fed Mines Big Data for Real-Time Clues on Spending and Payrolls

Federal Reserve officials deployed an experimental new tool as they scrambled to assess the harm done by storms hammering the U.S. last year: a trove of big data that gave them real-time answers on spending they’d normally have to wait on for weeks. Instead of guesswork and monthly retail sales r...


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