Editor’s Note: Morning Money is a free version of POLITICO Pro Financial Services’ morning newsletter, which is delivered to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro.
Beware of the short-term econ data — Already looks like April’s bummer jobs number was a one-off fluke as ADP and other surveys suggest hiring did not actually fall off a cliff. The (sort of) end of the Covid-19 pandemic and various surges in federal stimulus spending will likely play havoc with the data for several weeks