re: Ouch! 275k Jobs Added in February

quote:

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Yields are ticking down on the news and stock futures are up

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The market sees what the market wants to see.

Next week is CPI, PPI and advanced retail sales. With gasoline ticking up over February due to the rise in oil prices and the shutdown of BP's Whiting refinery, fuel isn't going to be keeping the non-Core number as low so we can expect that to remain above 3%. Core has been stalled at 3.9% thus far this year (staying higher than the 3.8% then 3.7% expectations for Jan then Feb). If it drops at all, that moves the needle closer to a cut in June but by how much will depend on what other data shows (especially revisions that are as large as the jobs revisions we've been seeing).