Outside the Fed, anxiety-ridden birds have begun to pluck out their own feathers

  • Last week, I described the Fed divided into three groups: hawks, doves and undecided.
  • After today’s employment report, the Fed is a united hawk-nest, and outside the Fed, anxiety-ridden birds have begun to pluck out their own feathers.
  • The only anxiety refuge from today’s report of October payrolls: dim hope that it’s an outlier.

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Last week, I described the Fed divided into three groups: hawks, doves and undecided. After today’s employment report the Fed is a united hawk-nest, and outside the Fed, anxiety-ridden birds have begun to pluck out their own feathers. Like me. The only anxiety refuge from today’s report of October payrolls: dim hope that it’s an outlier.