HALISTER1: Janus Says September Fed Rate Hike Still in Play After Payrolls

Janus Says September Fed Rate Hike Still in Play After Payrolls

(Bloomberg) -- Pace of job creation is still where Fed wants it to be, Janus Capital Group portfolio manager Ryan Myerberg says in interview.
  • Still, December looks more likely than September
  • U.S. elections in November is a risk event
    • Any Trump victory may disappoint markets, triggering tightening of U.S. financial conditions and making any Fed December rate hike difficult
  • Favors tactical positions in FX, particularly in most crowded trades such as GBP/USD
  • Bearish medium-term picture for sterling still in play as U.K. data expected to show weakness going forward in terms of slowing investments, hirings and downward pressure on real incomes
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Ryan Myerberg (Janus Capital Group Inc)

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