Institutions: If Strong Non-Farm Data Holds, Neutral Rate May Be Closer Than Market Expects

Odaily News According to Jordan Rizzuto, Chief Investment Officer of Gammaroad Capital Partners, the potential employment situation appears stronger than expected, and may even be more optimistic than the recent assessment and description by the Federal Open Market Committee (FOMC). If these data hold up in subsequent monthly revisions, the implications for monetary policy suggest we are closer to the neutral rate than previously priced in by the market. (Jin10)