The Fed is likely to continue to talk up the US economy. And I believe markets will react. With the yield curve at 32 basis points spread between 2- and 1-year Treasuries, we still have scope for further curve flattening.
GDPNow for the second quarter is still at a breathtakingly high 4.5%. And it's beginning to look like we are going to come in well above 3% growth for the quarter. Consensus estimates are at 3.5%. Meanwhile the yield curve continues to…
Once upon a time, Fed policy wasn't about finetuning macro outcomes. It was about maintaining the safety, siundness and stability of our banking and credit system.
This report shows the US economy in a good way. In terms of things the Fed watches, both employment and inflation look good.
The biggest positive takeaway is that trend growth in non-farm payrolls is heading up. For me, it suggests that the economy has legs.
By Marc Chandler This post first appeared on Marc to Market The US jobs data was stronger than expected and yet the impact on the dollar is modest. The market is as confident of a hike at the June 13 FOMC meeting as it gets about…
The US jobs number just came out and the figures were quite good. Two-year yields spiked on the news.