For the Fed, I don't think it changes much. It's not weak enough that it would change their measured tightening path.
More Quotes from Alan Ruskin:
To some extent, the bond market's trading pattern has not been resolved of late. This might provide some resolution, and I think it is going to be resolved in terms of higher yields,Alan Ruskin
Non-farm payroll numbers of over 300,000 are pretty much consistent with economic growth of about 4 percent, (and) that's way above trend,
Alan Ruskin
While the data is clearly dollar positive, I would expect that the market will quickly shift back to the attention it is giving to Fed policy.
Alan Ruskin
Poor employment trends clearly are weighing on sentiment, ... The (IBD) data is consistent with a meaningful decline in the Michigan survey.
Alan Ruskin
His comments fit with the basic idea of a pause at a 5 or perhaps 5.25 funds rate - more likely the former, but with no presumption that this will be the peak in rates.
Alan Ruskin
The economy is generally slowing for a wide variety of reasons -- energy is one, but also the stimulus is wearing off.
Alan Ruskin
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