All that hawkish Fed talk in recent weeks, as well as the market's knee-jerk reaction, seemed kind of silly after Friday's dismal jobs report.
Expectations for a summer rate hike fell into a sinkhole Friday after the Labor Department reported that
All of that happened amid a growing chorus of
Then just that quickly, expectations changed. Traders who had been pricing in a 58 percent chance of a July rate hike took the likelihood down to 34 percent. Within two hours of the payroll report's release, the market was projecting
After weeks of Fed officials attempting to recalibrate what had been dovish market expectations...