WSJ Fedwatcher Jon Hilsenrath reviews the latest jobs data compared to what the Fed was expecting.
A number of Fed officials will be speaking publicly in the days ahead. The time seems ripe for them to acknowledge these improvements.
The Fed minutes are also due but they wouldn’t have had the latest numbers at the time of the meeting. In any case, the market will be laser-focused on anything hawkish, including on jobs.
The question is: Even if the Fed has a few hawkish headlines, can the US dollar sustain a rally.
