The latest from the WSJ Fedwatcher
A few good points from Jon Hilsenrath's report on the Fed's next step.
1) "Some officials could prefer to wait until their September meeting to consider lifting rates"
He writes that like someone told him something. I'm 99% sure he's been cut off by the Yellen Fed but that's the kind of comment that could get some traction.
2) "Before Friday ... Fed officials were considering lifting rates this month or next."
This one falls more under conventional wisdom but it's notable.
3) On six occasions since 2010, monthly hiring gains have dipped below 100,000 and bounced back.
Solid stat. The market is probably overreacting and there isn't anything else pointing to the kind of slowdown the jobs report would have us believe. Well, except one...
4) Business investment softened in Q1
Not all the business investment was soft early in the year but most was, so maybe there is something here.
