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Hilsenrath Warns, Following Jobs Data "Early Rate Increases Remain On The Table"

The Wall Street Journal's Fed-whisperer Jon Hilsenrath has explained (briefly) how traders should think after the better-than-expected (but fewer in the workforce) jobs data...

 

Via WSJ Real-Time...

The US jobless rate, which falls to 5.9% in September, was already where Fed officials projected last month it would be by year-end. Moreover payroll employment growth is robust, averaging more than 200k per month.

 

That means early interest rate increases next year — though not the Fed’s expected path before today — remain on the table.

 

In addition, officials will need to make a tough decision at their policy meeting later this month about whether to alter their guidance about the interest-rate outlook, or wait until they update their economic forecasts in December before changing the guidance.

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As Albert Edwards warned -  it seems bad news is bad news again