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#RateHikeDelayedJobsNext The Fed just got room to wait. Now jobs get the deciding vote 👀
Core PCE came in softer than expected, cutting Oct hike odds to ~38%, while Goldman pushed its next-hike call to Dec. But inflation is still above target and ADP added 90K jobs.
What caught my attention is how quickly the debate has shifted. A strong NFP could revive hike bets, while weak hiring gives the Fed more patience.
PCE opened the door to a pause. Jobs may decide if the Fed walks through it.
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