This Is The Best Description Of What The Jobs Report Means For Investors
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REUTERS/Brendan McDermid
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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.
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