Disappoint. Weve not only had a strong report but a revision higher. The upward revision to the prior two months. Dont write off the economy just yet. Its got a lot of fuppedmental strength. The u. S. Economy is very resilient. A lot stronger than people think. The fed is in a good spot. I dont think that the fed does anything differently as a result of this other than pat themselves on the back. A pat on the back. This is like a picture perfect soft landing is what theyre on track for. Joining me around the table, bob, prima and gershen. To begin with you a solid payrolls report. I thought we would make this show by making up excuses for a weak jocks number. We we have a strong jobs number. I dont think this number told us a whole lot. Weve known the market is strong. Is slowing, but i think the big question is is the slowdown is a manufacturing slowdown, is that having an impact on the labor market . Not yet. It actually solidifies this. Im not sure the fed is done because at some po
Against markets. Ande need to be persistent patients. A very substantial degree of monetary accommodation is still needed for underlying and nation pressures inflation pressures to build up and support headline Inflation Development in the median term. We are also unanimous in communicating no change to the guidance. We only have to wait for wages and prices, we are unanimous in for setting no precise date winter to discuss changes. When to discuss changes. The last thing the governing council may want is an unwanted tightening for the financing conditions. Jonathan joining me around the table, head of the global and the credit columnist for bloomberg gadfly. Over in dallas, the chief Investment Officer having capital management. Begin with you. Yesterday and through today, this very interesting dynamic asserting itself. Euro that is stronger in the privy that is thick that is stronger and the periphery that is thick. Next the euro as a currency that is very hard to invest in. It is re
Persistent and patient. A very substantial degree of monetary accommodation is still needed for underlying inflation pressures to gradually build up and support headline Inflation Development in the mediumterm. We are also unanimous in communicating no change to the forward guidance. We only have to wait for wages and prices. We were unanimous in setting no precise date for when to discuss changes. The last thing the governing council may want is an unwanted tightening for the financing conditions. Jonathan joining me around the table today is the cohead of Global Portfolio management fixed income at Goldman Sachs asset management. And the credit columnist for bloomberg gadfly. Over in dallas, the chief Investment Officer of highland capital management. Guys, great to have you with us. Lets begin with you, mike. Yesterday and through today, this really interesting dynamic asserting itself. The first time i have seen in a number of years, the euro is stronger and the peripherys bid. Can
Persistent and patient. A very substantial degree of monetary accommodation is still needed for underlying inflation pressures to gradually build up and support headline Inflation Development in the mediumterm. We are also unanimous in communicating no change to the forward guidance. We only have to wait for wages and prices. We were unanimous in setting no precise date for when to discuss changes. The last thing the governing council may want is an unwanted tightening for the financing conditions. Jonathan joining me around the table today is the cohead of Global Portfolio management fixed income at Goldman Sachs asset management. And the credit columnist for bloomberg gadfly. Over in dallas, the chief Investment Officer of highland capital management. Guys, great to have you with us. Lets begin with you, mike. Yesterday and through today, this really interesting dynamic asserting itself. The first time i have seen in a number of years, the euro is stronger and the peripherys bid. Can
Frederick dear in a little bit. Markets, to get you ready, futures just a little bit softer. Down 1 10 of 1 on the s p 500. The euro is weak or by 1 10 of 1 and the treasuries on offer for an eighth straight day. Yields up. Alix it is not even a basis point. It is sterling that is the story for me. The downside off 4 10 of 1 . Not waiting for that u. K. Budget. Gold is slightly lower but not picking up steam. Now it is down by 1 . Not necessarily supporting the oil price. I jon want to pick up on sterling falling for a Third Straight day ahead of the u. K. Budget which many are saying would do little to support the pound is a currency. In the next hour, joining us live from westminster with moore is bloombergs and a redwood. And a red word. What we expect from this . He is changing jobs but just because he has moved the timetable. Here,e are expecting from credit is describing it as fiscally mutual. It is not doing anything to support the currency or the preamble around the budget. As