Week Ahead: Mo' Jobs, Mo' Problems
All about the jobs this week.
First Friday of the month means it's NFP day.
As with many data points recently, there's a wide range of expectations.
Consensus is somewhere around 600-700k (although I've seen estimates as low as 225k while some expect close to a million jobs will have been added).
Putting this into context: 'what will the Fed do if...?'
There seems to be an acceptance among Fed members that inflation is high now, but should prove transitory in the end.
Bostic said last week that 'transitory' may prove to be 6-9 months rather than the