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Lowest Rates in Over a Month. Upcoming Inflation Data Casts a Critical Vote

Lowest Rates in Over a Month. Upcoming Inflation Data Casts a Critical Vote

All in All a Pretty Logical Week It seems weird to consider, but Friday's trading--and indeed, the week's trading as a whole--was fairly logical.  By the end of the previous week, econ data provided evidence that rates didn't need to go any higher.  This week's data didn't exactly confirm that in an overly forceful way, but it absolutely didn't offer any arguments.  Friday's jobs report was the latest and most interesting example with revisions, unemployment, and wages doing more than enough to offset the higher headline compared to expectations.  After today, the past two months of NFP readings make a lot more sense.  It also ma
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