All Posts Tagged: rate hike
The 138,000 jobs created last month left behind some confusion and uneasiness about the true underlying strength of the U.S. labor market.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on June 2.Key observations:
- The U.S. unemployment rate (4.3%) has now dropped by a half a percentage point since the beginning of the year.
- It was the 429,000-person drop in the labor force that pushed the unemployment rate lower last month.
- My take is the FOMC will likely look past today’s less-than-ideal payroll report and move forward with the rate hike in June.
- The fed funds futures probability of a September rate hike from the Fed sank to just 26.4% this morning.
The chorus of calls from Fed officials that a rate hike is coming soon got a lot louder this week.Read More ›
Another Fed rate hike could come sooner rather than later.Read More ›
Will next week’s FOMC meeting and likely first and only rate hike of 2016 bring the equity markets back down to Earth?Read More ›
The sharp steepening of the U.S.Treasury yield curve since the beginning of September
deserves some sleuthing.