Collating some projections from analysts following the big, big NFP data on Friday:
The next US Federal Reserve Federal Open Market Committee (FOMC) statement is due on September 21 (old pic below):
JP Morgan are at +75bp for this meeting, saying the NFP
- numbers should mollify recession fears but amplify concerns that the Fed has a lot more work to do
- we now think a 75 basis point hike in September looks likely.
- The inflation worries motivating the Fed will only be heightened by this jobs report
