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Nearly 31.9 million 401(k) plans have been forgotten or left behind when employees were terminated or changed jobs.

The absence of a full suite of official economic data has ramped up concern that the Fed won’t get a clear read on how the economy is evolving, increasing the potential for policy mistakes as the Fed’s mandates of price stability and maximum employment are pulling officials in opposite directions.

“The shift in the break-even estimate sharply changes the perception of labor market slack and shifts the importance of the unemployment rate for policymakers.”

That’s sparked concerns that any setback in earnings from mega tech firms could trigger a broader selloff given their stretched valuations.

“There’s a deep tension in President Trump’s message that the economy is booming, but that we simultaneously need multiple points of rate cuts.”

The three-part deal’s longest-tenored tranche yields 0.98 percentage point above Treasuries.