Sep
06
Something-for-Everyone Jobs Data Solidify Wall Street Fed Biases
By-
Strategists reaffirm Fed liftoff forecasts after mixed report
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Market consensus still elusive on September, December or 2016
Bond-market economists found enough of what they wanted from the Labor Department’s August employment reading to solidify their existing outlooks for when the Federal Reserve will raise interest rates. Even if those outlooks don’t align at all.
The drop in the jobless rate to a seven-year low led economist Chris Rupkey of Bank of Tokyo-Mitsubishi to declare in a Sept. 4 note that the report “delivers, hits its numbers, and Fed liftoff is assured” when the central bank meets Sept. 16-17…
Something-for-Everyone Jobs Data Solidify Wall Street Fed Biases
