TREE NEWS reports: BlackRock portfolio manager Jeff Rosenberg said Friday’s strong US August jobs growth underscores the importance of next week’s consumer price index. He noted the data validates their labor market view and refocuses attention on inflation. Whether the Fed hikes in September depends on CPI progress, with inaction likely if the September 11 report shows improvement.
BlackRock: US CPI data key after strong jobs report
AI take
This positions CPI as the decisive input for Fed policy, overriding the otherwise hawkish signal from jobs data. For markets, it sharpens the binary: a softer print keeps September on hold, while sticky inflation revives hike odds. The focus shifts to how the Fed frames labor strength against price pressures, making next week's report the key catalyst for rate-sensitive assets.
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