by Matthew Kerkhoff
Financial Sense
In recent weeks, various Fed officials have been jawboning for higher rates, which has created volatility and riled up investors around the globe. But the latest data suggests that this “data dependent” Fed may not have the pass it needs to move forward.
The latest jobs report was without question disappointing (only 38,000 jobs created), but what’s even worse is that it appears this latest reading may not be an anomaly, but rather the continuation of a deteriorating trend.