Strategist: Non-Farm Payrolls Data Unlikely to Alter Fed Policy Stance

BlockBeats News, February 7th, Pepperstone strategist Michael Brown stated in a report that from the Fed's policy perspective, it is hard to imagine a US jobs report that would change the game rules.

Fed Chair Powell has indicated that policymakers would need to see real progress on inflation or some degree of softening in the labor market in order to cut interest rates again. For the market, the jobs report could be a case of "good news is good news" or vice versa. The market is focused on potential economic conditions rather than any potential policy impact. (IG)