Institution: If strong non-farm payroll data persists, the distance to the neutral interest rate may be closer than the market expects.
According to Odaily, Jordan Rizzuto, Chief Investment Officer of Gammaroad Capital Partners, stated that the potential employment situation appears to be stronger than expected, and may even be more optimistic than the recent assessments and descriptions by the Federal Open Market Committee (FOMC). If this data is maintained in subsequent months' revisions, the impact on monetary policy would mean that we are closer to the neutral interest rate than the market had previously priced in. (Golden Ten Data)
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