BlockBeats News, October 15th, CNBC reporter Steve Liesman made a thought-provoking comment after Fed Chair Powell attended the Business Council’s virtual conference: During the Q&A session, I heard an intriguing question. The September jobs report is out, and all I can say is that there are some rumors circulating in the hallway, all asking, 'Did Powell receive the jobs report? Did the Fed get the report?'
We don't know for sure, as Powell himself did not disclose, but we can't help but feel that he probably—most likely—has it. Analyst Adam Button from the U.S. financial website investinglive also noted that Powell's remarks seem to hint at the report's content: Data since the July meeting shows a significant softening in the labor market; the balance of job growth has fallen significantly; and there are clear downside risks in the labor market. Adam Button speculates that based on these statements, the report may be quite bad. (FXStreet)