What strong employment numbers mean for the Fed's agenda

The Fed will continue its 0.25 percent march in June unless May data crump
  • Current market data indicate no signs of a recession; expect Fed rate hikes.

The April employment report is just fine — better than that. The March job surveys were ambiguous: the “establishment” one of large businesses gets the headlines and was shaky, but the door-knocking “household” survey was strong and confirmed by April’s numbers.