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

fedwatch 2016-08-05B

February 2017 Rate Hike Odds

fedwatch 2016-08-05A

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