Fed Whisperer Says Jobs Report “Unlikely To Change” Powell Rate Hike View; BofA, Goldman Call For 50bps
n the aftermath of the first 75bps rate hike in June, which made a mockery of the Fed’s forward guidance and which required a WSJ “whisperer” to prep the market for the biggest rate hike in three decades with about 24 hours notice, Nick Timiraos – the new generation’s Fed-trial ballooner and a poor man’s Jon Hilsenrath, has become a bit of a celebrity in Fed watching circles as everything he says is now viewed as gospel explicitly coming from Powell’s mouth. Which is why many were anticipating his NFP post-mortem today, “explaining” how today’s jobs report would impact the Fed’s thinking. What he said was a
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