Jobs market revisions weren’t a surpriseYou can’t just look at revisions, look at jobless claimsIt was all inflation for awhile, now it’s the balance of risksBusinesses tell us they don’t care if it’s 25 or 50 bps, they want it to be methodical and get to neutralShelter is the price input I’m worrying aboutDevelopers are sitting on projects until they get some sense of where rates will be
Harker has been doing the rounds today. He retires next year but is usually a good barometer of the core of the FOMC.
This article was written by Adam Button at www.forexlive.com.
