RenMac Off-Script: Payroll Print Won’t Prompt Powell Pivot
RenMac - A podcast by Jeff deGraaf, Neil Dutta, & Stephen Pavlick - Fridays
Categories:
The RenMac team discusses why the payroll report will not change the Fed’s direction, why Powell believes higher unemployment is needed to lower inflation, taking the over on the Fed fund futures rate, October surprises impacting midterms with OPEC production cuts and Herschel Walker allegations, why seasonality is skewing towards equities, and why the decline in bond pricing may remain an issue in 2023.
