With the tamed inflation data as "Labor cost" is "lower": 4Q Non-farm Productivity rose 1.8% versus estimates of a 0.5% gain and a 6.0% increase in 3Q. - Preliminary 4Q Unit Labor Costs rose 2.1% versus estimates of a 3.5% gain, the two feds are making trouble fueling market instability.
Stocks closed lower as weak sales from Macy's and an inflation warning from a Federal Reserve official put a damper on the market's earlier bounce.
http://www.cnbc.com/id/23031557 Lacker and Plosser when markets were showing high volatility, adding fuel into fire. We can only conclude that they must be short with their friends in the market as intentionally fueling market instability.
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