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US Job Market Not As Strong As Perceived, San Fran Fed Warns

US Job Market Not As Strong As Perceived, San Fran Fed Warns

Despite endless streams of Fed Speakers proclaiming, in one form or another, that "we are at, or close to, full employment;" many in America - judging by the election of President Trump - are not feeling as exuberant as the jobs data implies they should be. The SF Fed itself now agrees: "the labor market may not be quite as tight as the headline unemployment rate suggests."

Stocks Slump Into Red After Fed's Evans Warns Of Rising Uncertainty

We expected a hawkish tilt to the Fed's speakers this week - in confusing opposition to Yellen's dovish commentary - and after Harker's earlier comments, it appears Fed's Evans comments that he "sees more upside possibility in uncertainty" facing The Fed, has sparked a wave of selling in stocks...

  • *EVANS SEES MORE UPSIDE POSSIBILITY IN UNCERTAINTY FACING FED
  • *EVANS: LOWER CAPITAL EXPANSION MAY REFLECT LOWER TREND GROWTH

And Evans offered this more hawkish bias too...

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