Nothing earth-shaking from Rosengren.The Fed will tighten when the time comes.
Markets seem to be biding their time until tomorrow’s employment report. The anecdotes are mixed. Jobless claims have dropped quite noticeably in recent weeks though ADP showed no big improvement in their data.
The consensus is for 102,000 non-farm jobs lost. Goldman’s forecast of -100,000. I’ll say 156K…
