Jobs Report Misses Lowest Estimate Boosting Rate Cut Bets
This will only make the easing calls grow louder.
This will only make the easing calls grow louder.
“We have plenty of room in interest rates.”
Mexico tried, and failed.
“I’m hoping that doesn’t happen”.
“Congress has failed as an institution.”
“There’s not a lot to debate here”.
If there was a message to be heard, it was received loud and clear.
“We are once again forced to chop our forecasts”.
“In case of emergency”.
We’re now witnessing a veritable mania in Fed cut speculation.
“The risk is that this inability for the Fed to keep pace with market pricing could create a de facto ‘hike’.”
“Strengthen your risk assessment.”
If you’re not excited, well, get excited.
“China will act rationally in the interests of the Chinese people, the American people, and all other peoples around the world.”
“I have determined that India has not assured the US that it will provide reasonable access to its markets.”
“Figuring out his pain threshold is a challenge.”
“The investigation into FedEx will be a warning to other foreign companies.”
All in all, it was a fittingly sour end to the second-worst May for US equities since the 1960s.
It’s getting serious now.
Witness the spiraling nature of conflict.
Here we are – walking into meetings with America’s closest allies and proudly pointing at bulging binders.
This is probably more about the signaling effect than anything else.
Eggs will be broken.
“I don’t believe they can do that.”
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