The Hawkish Risk Is in the US, Not Europe: 3-Minute MLIV

THE FED. LET'S GET BACK TO THE FED. THE ONLY STORY WE NEED TO FOCUS ON TODAY.SKYLAR IS HERE. THE STORY HAS EVOLVED AND JOBS IS BETTER. THE LABOR MARKET DOESN'T LOOK AS CHALLENGING.IS THERE FOR MORE OF A CASE TODAY THAN YESTERDAY FOR THIS HAWKISH CUT THE MARKET IS LOOKING FOR. ON THE AGREGATE THE DATA HAS BEEN PRETTY GOOD FOR A WHILE NOW. ACTUALLY WE GOT MORE OF A SHIFT EARLIER IN THE WEEK AND WE ARE GETTING HAWKISH PREPOSITIONING THIS WEEK AS WE START TO THINK ABOUT HIKES NEXT YEAR.GUY: HIKES FROM THE FED. ...