Messy Job Report

A lot of people are busy discussing the implications of the “messy” jobs report, but the spread between the April (active contract) and the Jan 2020 fed funds futures has not reacted much post the stats out today. These figures are not enough for Fed to change course at the moment.

For now, Trader Powell has joined the crowd of trading the Spuz direction and talks of rate hikes are to be saved for later this year.