Federal Reserve insider says Fed research shows jobs growth not as strong as thought

The Wall Street Wall Street Wall Street is part of the Financial District in New York City and one of the most iconic streets in the world. It is synonymous with US financial markets, and home to the world’s two largest stock exchanges by market capitalization – the New York Stock Exchange and NASDAQ.The area is also home, be it presently or historically to many other key exchanges. This includes the New York Mercantile Exchange, the New York Board of Trade, the New York Futures Exchange (NYFE), and the former American Sto Wall Street is part of the Financial District in New York City and one of the most iconic streets in the world. It is synonymous with US financial markets, and home to the world’s two largest stock exchanges by market capitalization – the New York Stock Exchange and NASDAQ.The area is also home, be it presently or historically to many other key exchanges. This includes the New York Mercantile Exchange, the New York Board of Trade, the New York Futures Exchange (NYFE), and the former American Sto Read this Term Journal's Nick Timiraos with the tweet:

This adds to signs that the Federal Open Market Committee (FOMC) is likely to slow its rate hike path as soon as February, although March seems more likely at this stage. Tonight's CPI will be more information to add in. If its on the lowish side it'll add further to a +25 in February.

Previews:

• JP Morgan are forecasting lower than expected US CPI data on Thursday, & stocks higher
• Preview: All eyes on Thursday's UP CPI report with Goldman Sachs and CIBC seeing a miss

Boston Fed President Collins likes +25 in February:

• ICYMI - Boston Fed's Collins says she favours a +25bp rate hike in February (not +50)

Note that Collins is a non-voter on the FOMC this year. And note also, this does not matter.

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Why is Timiraos an 'insider'? Read on ...

Back in June 2022 Timiraos dropped the bombshell during the Federal Reserve blackout period:

WSJ Fedwatcher Nick Timiraos is just out with a new report previewing the FOMC.

"A string of troubling inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term reports in recent days is likely to lead Federal Reserve officials to consider surprising markets with a larger-than-expected 0.75-percentage-point interest rate increase at their meeting this week," he writes.

The report is speculation but it taps into the old-style Fed leaks.

That post, as was Timiraos, was spot-on.

Timiraos has thus been crowned the new Hilsenrath (you may remember his role during the Bernanke Fed as a provider of Fed-insider info).