Jobs: The Events and Data Crapshoot
Prep for Unemployment Day
Summary
CONSENSUS— 214k jobs added ranging from 150k to 250k
Domestic Backdrop going in
Powell has made it clear he has no interest in lowering rates until inflation is at 2% or unless there is a significant uptick in unemployment.
Yesterday, Kashkari inferred they may not cut rates at all unless inflation stops trending sideways and resumes its decline to …