Trump complaints or no, Fed December interest-rate hike looks like 'done deal' after strong jobs rep

[Roland99]

https://www.marketwatch.com/story/trump-complaints-or-no-fed-december-interest-rate-hike-looks-like-done-deal-after-strong-jobs-report-2018-11-02

Jim O’Sullivan, chief U.S. economist at High Frequency Economics, agreed: “The data remain more than strong enough for the Fed to keep tightening.”
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“Nothing in this report will make the Fed think that skipping the December hike is a good idea,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics.

Even though wage growth crossed the 3% threshold, the monthly gain was only up 0.2% and this is “not alarming” for the Fed, Bostjancic said.

“The data will not push the Fed to be more aggressive. They can continue to be gradual,” she said.

This will drive mortgage rates up higher, too.

Housing prices have been rising dramatically, now rates are going to go up again. The housing market will stall, most likely. That will cut into construction jobs.

[unblock]

1. fairly likely, but not quite a "done deal". the market still gives a 22% chance of no rate hike:

https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html

[Wellstone ruled]

2. Understand the Rate increase is a done deal.

The noise machine will crank up the fifteenth. When you issue 1.4 Trillion in Bonds and Treasuries in order to cover the Tax Cut mistake,you know what happens next. Interest rates go north bound in one heck of a hurry.

[Roland99]

3. And the deficit worsens more due to higher interest

Maybe they should put it on an interest fee capital one card for 18months.

[Wellstone ruled]

4. That was the idea of the Tax Cut.

Supply Side Economics,it will take six years to reverse this friggin nightmare.