The US jobs report came in south of expectations, with non-farm payrolls increasing by 559,000 in May but the unemployment falling to a pandemic low of 5.8% vs 6.1% in April.…
We got a big CPI print today, 5.0%. That’s above expectations. And, we saw a mild uptick in US Treasury bond yields on the back of the number. But I am wondering whether it really matters. Let me explain.…
Good morning everyone, I have some exciting — and also – sad news to tell you today. First, I am going to Bloomberg as a Senior Editor. And I am going to use that (much larger) platform to share my views on the macro economy and financial markets.…
