The Fed is in a tricky spot - CIBC ...Middle East

There is an undercurrent in economic circles right now and it basically boils down to: The Fed should cut 50 bps but it will probably cut 25 bps.Rick Rieder from BlackRock was on Bloomberg earlier today making that point and CIBC touches on it in their review of the non-farm payrolls report, which they call mixed.Overall, this is a tricky one for the Fed in terms of how quickly it dials back rates. Growth still looks solid, tracking around 2% for the quarter, and that mainly driven by the consumer once again. Also some part of the slowdown in job gains is due to population flows leveling off, and as they stabilize, we may end up at or slightly above break-even. Other labor market signals are

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The Fed is in a tricky spot - CIBC ...Middle East

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