Payrolls tomorrow - Big Number whispered. The Hawks come out at night
3circleinvestments.substack.com
Whisper number for payrolls as high as 1m jobs. If we get that + firm AHE into a 7 handle for CPI next week, we have reached max employment with inflation overshoot and more concerns about unanchored expectations. Expect Powell to drive hawkish message home next week’s testimony.
Payrolls tomorrow - Big Number whispered. The Hawks come out at night
Payrolls tomorrow - Big Number whispered. The…
Payrolls tomorrow - Big Number whispered. The Hawks come out at night
Whisper number for payrolls as high as 1m jobs. If we get that + firm AHE into a 7 handle for CPI next week, we have reached max employment with inflation overshoot and more concerns about unanchored expectations. Expect Powell to drive hawkish message home next week’s testimony.