Job growth was moderate at best last December, according to the U.S. Labor Department’s nonfarm payroll jobs report which was released today.

Recently Jerome Powell, Chairman of the Federal Reserve, said that “transitory has different meanings to different people.” I believe that their pledge to have “full transparency” has the same ambiguity with a lack of full clarity.

The Federal Reserve released the November FOMC meeting minutes today. What followed was a decisive shift in market sentiment in multiple financial sectors.