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i think they re absolutely critical, because they are basically very important for the federal reserve, the us central bank, in terms of how it calibrates its interest rate policy. forthe it calibrates its interest rate policy. for the time being, it has basically said that as long as there is a lot of labour market slack, which basically means a lot of unemployed people, and as long as, with its view that inflation remains, the spike in inflation and transitory, it does not need to adjust any of its policy settings. but the data today combined with the inflation data next week will be absolutely critical on that front. a senior federal reserve official, james bullard, says the us labour market is tighter than it looks do you agree? i think it probably is, but there are a number of factors which play into that. i think what he is talking about is that there is actually, if you look at things like the

Interest rate policyFederal reserveLabour market slackCentral bankLabour marketJames bullardInflation dataPolicy settings