Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

This Is The Best Description Of What The Jobs Report Means For Investors

Joe WeisenthalJun 6, 2014, 20:50 IST

REUTERS/Brendan McDermid

Steven Englander, a currency analyst at Citi, has a great explanation of what today's jobs report means for investors. Basically, no narrative has changed. If you think that the easy money parade will continue, then nothing from today's report changed that.

So from an investor viewpoint, there is a very nonthreatening run-up to the June 18 FOMC. There is no reason for the Fed to change its narrative. Any investor who came into the labor market release thinking that policy and markets rates would be on a slow path to a low terminal level has no reason to change that view. Carry trades get another month of life.