Posted by on October 11, 2016 2:26 pm
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Categories: Economy Market Conditions

Having jawboned rate-hike odds up near cycle record highs (December odds at ~70%), The Federal Reserve’s Labor Market Conditions Index (LMCI) is crashing. Following a brief dead cat bounce in July, LMCI is now accelerating lower.

Against expectations of a 1.5% rise, LMCI plunged 2.2% in September, and that is from a downwardly revised August drop of -1.3% (from a 0.7% drop).

So this is when you choose to hike rates, Janet?

The article, "Fed Labor Market Conditions Crash As Rate-Hike Hopes Soar", was syndicated from and first appeared at: http://feedproxy.google.com/~r/zerohedge/feed/~3/OFE7JedNr_U/fed-labor-market-conditions-crash-rate-hike-hopes-soar.

You may find more great articles by Tyler Durden on http://www.zerohedge.com/fullrss2.xml/sites/default/files/images/user5/imageroot/draghi/CBO%20August%201.png/%2A%7CFORWARD%7C%2A.

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