Macro Musings: June FOMC To Remove Another Dot

Macro Musings: June FOMC To Remove Another Dot
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Yimin Xu, June 11 2024


  • May NFP report exceeded expectations but the household survey significantly diverged.
  • Hot vehicle insurance and shelter inflation likely to continue in the upcoming CPI report.
  • Fed likely projects just two cuts for 2024, but the market only expects one.

Friday’s Nonfarm Payrolls sent mixed signals