Macrocast by FTP & Markets Policy Partners
A pod at the intersection of financial markets and government policy
Macrocast by FTP & Markets Policy Partners
Labor Day Edition: Jobs, Fed, and What's Next
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This week's episode covers August's jobs report, which beat expectations with solid job growth and upward revisions to prior months.
The strong data pushed up the odds of a September rate hike, though dovish comments from Governor Christopher Waller left the team divided on the Fed's next move. They also previewed upcoming PPI and CPI data, plus global pressures like elevated EU inflation and continued supply chain strain.
On geopolitics, the team discussed rising China tensions ahead of the Trump-Xi summit. Ed Hill wrapped up with a Capitol Hill update: the House's continuing resolution avoiding a shutdown, prospects for the Clarity Act, and early betting market odds on the midterms.
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