A hotter-but-healthy NFP reading had something for everyone this morning. The headline figure came in at 275k versus the expected 200k but given a hefty revision downwards of January’s report and a slight increase in unemployment the jury is still out on whether today’s data will move the needle for a June rate cut. Though we may be at a temporary tie between the hawks and the doves, Powell looks like today’s winner as the employment figures broadly evidenced a strong labor market, seemingly wi…
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