Markets Heed the Fed's Message on the Undesirable "Easing in Financial Conditions"

Markets readjust to slower path for rate cuts after the FOMC minutes

Highlights

• Markets readjust to slower path for rate cuts after the FOMC minutes

• Red flags emerge in hiring activity ahead of today’s NFP report

• Aggregate supply is set to outpace demand (disinflationary!)

• Yesterday’s corporate news flow was not bullish