BLOOMBERG Bloomberg July 3, 2024
Coming up, a downside surprise for u. S. Payrolls, and a pulling forward the first rate cut to september. In a moment we will hear from former st. Louis fed president jim bullard. We begin with the big issue. The job report delivers optimism for investors. It is a goldilocks report. Good report across the board. That will please the fed and please the market. Some of the leading indicators in the next three months or so are pointing to downside surprises in the jobs market. I dont think anybody can have any real confidence that rate cuts are eminent. Powell basically dismissed any notion they ...