The Fed's Mission to Kill Inflation

The labor department's non farm payr report comes out on Friday and i fear that it will show the tightest labor market in 50 years. A strong employment number will give the fed cover to slam the breakes on the economy even harder than they seem to want to. If fed, cheap j pal doesn't catch a break soon when it comes to inflation, then it's 50 basis point hikes for as far as the eye can see. But at this point, long term interest rates have gotten so high versus where they were a year ago, that i think the bomb markets are already pricing in some very aggressive short term rate hikes from the fed.