In its commentary on jobs today, the Bloomberg Econoday writer made this claim “The hawks will come out of hiding following this report which definitely brings alive expectations for a rate hike at the September FOMC.”
Let’s compare that thought to the market reaction from CME Fedwatch.
September 2016 Rate Hike Odds
February 2017 Rate Hike Odds
Bloomberg, I have to ask: Is that a real human being writing your Econoday reports, or is it a robot in need of an AI revamp?
Mike “Mish” Shedlock