Quick Recap The release of non-farm payrolls on Friday realistically had something for everyone in it. But even though it undershot expectations with a print of just 173,000 the revision of +44,000 to previous months and the fact that unemployment is now in the Fed’s ‘full employment’ zone with a print of 5.1% means that the time has come for the Fed to hike rates. Certainly the *Richmond Fed president Jeffrey Lacker, reckons its time to get moving. On Friday, before payrolls, Lacker said, “it’s time to align our monetary policy with the significant progress we have made.” That is – time to hike. Economists tend to agree as BI US editor Myles Udland highlighted over the weekend: “The jobs report delivers, hits its numbers, and Fed liftoff
http://bit.ly/1NXkdB2
