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Blitz Says Jobs Report Gives Warsh "Exactly What He Wants": No Rate Hikes Through September
From kathleenhays.substack.com
video Steven Blitz is a veteran Federal Reserve watcher and chief U.S. economist at Global Data TS Lombard, where he specializes in macroeconomic analysis and alternative investments. Now, as Steve joins me to dissect the June jobs report, where the payroll rise was a much weaker than expected, 57,000 workers, he still forecasts an eventual Fed rate hike this year, albeit via a very strategic Kevin Warsh policy path. Steve sets the stage by chalking up the weakness in June payrolls to a 40,000 worker drop in restaurant workers, caused by big increase in gasoline prices. “Now whenever gasoline prices go up, the ... (full story)
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