UJ
With NFP hot and spicy,
Labour market: strong
W. Earnings: Hot
Private payroll: almost double.
FOMC Rate cut:
Mar (already out of picture), May (also out of picture with this data), June (Need to look at CME FED watch)
FED focus might shift from falling CPI to tackling Wage Inflation in the coming months.
Powell wants Inflation to settle at 2% and not only get back to 2%.
He also pointed "we are not looking for a slide in employment, we would cut"
NFP data contradict his view.
CPI FEb 13 , to once again show how long FED need to hold at restrictive level.
If cut too soon, sh*t will get real wen interest rate will have little effect on Inflation.
With NFP hot and spicy,
Labour market: strong
W. Earnings: Hot
Private payroll: almost double.
FOMC Rate cut:
Mar (already out of picture), May (also out of picture with this data), June (Need to look at CME FED watch)
FED focus might shift from falling CPI to tackling Wage Inflation in the coming months.
Powell wants Inflation to settle at 2% and not only get back to 2%.
He also pointed "we are not looking for a slide in employment, we would cut"
NFP data contradict his view.
CPI FEb 13 , to once again show how long FED need to hold at restrictive level.
If cut too soon, sh*t will get real wen interest rate will have little effect on Inflation.
Not afraid to be wrong, ik what am goin' to lose!
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