「Fed's Whisperer」: Non-Farm Payrolls Won't Completely Resolve Fed's Rate Hike Debate, Near-Term Rate Cut Highly Unlikely

BlockBeats News, June 5th, Fed's

Nick Timiraos published a commentary on the latest nonfarm payroll data, suggesting that this spring's hiring spree has regained momentum. This development will provide further justification for Fed officials concerned about inflation, who believe that the current low-interest rates are insufficient to contain the upward pressure on prices.

This employment report will not entirely settle the debate on how much the Fed should consider raising interest rates later this year. However, it does reinforce the notion that the reasons for a rate cut in the short term have largely dissipated.