This Is The Best Description Of What The Jobs Report Means For Investors

Steven Englander, a currency analyst at Citi, has a great explanation of what today’s jobs report means for investors. Basically, no narrative has changed. If you think that the easy money parade will continue, then nothing from today’s report changed that.

So from an investor viewpoint, there is a very nonthreatening run-up to the June 18 FOMC. There is no reason for the Fed to change its narrative. Any investor who came into the labour market release thinking that policy and markets rates would be on a slow path to a low terminal level has no reason to change that view. Carry trades get another month of life.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at