Hilsenrath is hosting a Spreecast Q&A right now:

  • Hilsenrath says NFP ‘really increases’ the odds of a taper in December or January
  • They have a lot of strategic questions to answer now whether they taper in December or January and that’s the direction we’re moving in
  • Fed is having fatigue with QE
  • NFP gives them the excuse they need to say the recovery has entered a new stage

Hilsenrath is also out with an article with his 5 takeaways from the jobs report:

Fed officials are likely to debate at their December 17-18 meeting whether to go ahead and pull back on the bond-buying program then or wait until the January 28-29 meeting