Last Friday brought the blockbuster January jobs report:
Morgan Stanley snippet on that report:
- triggered our move to a 25bp rate hike baseline for the March meeting
and:
- significantly widened the distribution of possible policy outcomes
MS looking ahead:
- Another circa 500k payrolls result would put a 50bps Federal Open Market Committee (FOMC) rate hike "firmly on the table"
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Friday's NFP:
Nonfarm payroll rises by 517 K
