We already know how the markets have responded to this morning’s “good news” in the jobs data – rate-hike expectations soaring, bonds, stocks, and bullion crushed as the dollar spikes.

The market is now pricing in 70% odds of a 75bps hike in September (up from 25% at the start of the week) and over a notably7 more aggressive tightening cycle than was expected a week ago…

Now we hear from Wall Street’s best and brightest:

Omair Sharif, founder of Inflation Insights LLC, says 75 basis points next month from the Fed is now “the base case.”

Randall Kroszner, a former governor at the Fed and now an economics professor at the University of Chicago Booth School of Business, speaks on Bloomberg Television:

“I think it’s really clear that they are on a path to continue to raise those rates.

Keep reading this article on Zero Hedge - Blog.

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