Surveillance: Jobs Bolster Fed’s Hawkish Playbook
Bloomberg Surveillance
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Is the Fed on Track for a 75 Basis Point Move?
The Fed is on track for a 75 basis point move at the next meeting. They were hoping that they'd still see a little bit more uptick in labor force participation, but they didn't get that. I think they are expecting the unemployment rate will start to move up a bit. Something that will be heartening is that we didn't see an acceleration in wage growth.
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