The chapter delves into the impact of the latest non-farm payrolls report on the bond market, discussing the Federal Reserve's assessment of the economy and labor market. It evaluates revisions in job numbers, unemployment rates, and wage growth in relation to the Fed's inflation target. The conversation anticipates future insights from upcoming events like Jay Powell's report and the June consumer prices release, highlighting the complexity of interpreting job data and its implications for the Fed's actions.
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Bloomberg News International Economics & Policy Correspondent Michael McKee and Jane Oates, Senior Policy Advisor at WorkingNation, discuss the June jobs report and how it could impact Fed policy. Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey and Bloomberg News Rates Reporter Michael Mackenzie talk about treasury yields sinking as the June jobs numbers bolster bests that the Fed will cut rates. Tina Fordham, Founder & Geopolitical Strategist at Fordham Global Foresight, shares her thoughts on both US and UK politics.
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