Fed Says Pause Unless Hot Jobs Report. We Just Got a Hot Jobs Report.

Late yesterday Fed mouthpiece Nick Timiraos published an article in the WSJ that said the Federal Reserve would skip a rate hike in June (aka "The Pause") unless we see a sizzling jobs report. Well we just got a sizzling private sector jobs report from ADP, suggesting that Friday's non-farm payrolls number could put a damper on The Fed's pause plans.

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