How Wall Street Views the U.S. February Jobs Report

The transcript discusses the behavior of financial markets, focusing on Treasury yields, FX markets, and the impact of economic data. It highlights the surprise in market reactions, particularly in gold, due to unexpected economic figures. The discussion also covers global growth concerns, especially related to China, and the implications of wage growth on retail sales and economic margins. The Federal Reserve's stance on running the economy 'hot' is also examined, with a focus on its potential effects on consumer confidence and retail performance.

What surprises the speaker about the recent economic data?

In what way does the speaker suggest that the Fed's communication has changed?