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The jobs number was great, but it's all about the Fed now

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The jobs number was great, but it's all about the Fed now

Edward Harrison
Nov 2, 2018
Share this post

The jobs number was great, but it's all about the Fed now

pro.creditwritedowns.com

This morning, I gave you an initial reaction to the jobs number, saying:

A bad number won’t change the Fed’s forward guidance because the Fed has a tightening bias. But that bias means that a good number could tip us toward four rate hikes in 2019 from three.

Let me give you a more in-depth view now.

Market reaction

Before the number came out, I didn't expe…

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