Appeal the decision. San francisco fed president John Williams tells cnbc exclusively that fiscal stimulus will only have a modest effect on growth, but says the fomcs aim to tighten policy is appropriate. The tendency of the views of my colleagues of one to three rate hikes are a reasonable view given that employment is 1. 6 , the economy is growing to 2 and inflation is growing back to 2 . Thats a reasonable assumption. Good morning. Tgif. We have a lot going on today. We have a preview to the jobs report. A big reversal in the yuan against the dollar, but its all covered for you. Lets kick things off with a look at European Equity markets. We are modestly trading to the down side to the tune of 0. 2 on the stoxx 600. It is jobs day in the u. S. The first jobs report of the year and were expecting a print of about 178,000 jobs. Lets look at the indices one by one. The ftse 100 eking out a modest gain of one or two points. The ftse is heading for the fifth week of gains. The xetra dax