Default averted; jobs defy expectations
- Fiscal & Monetary Policy
With Congress averting a default and jobs rallying, the FOMC will look to next week’s CPI report to see if a “hawkish pause” will prompt disinflation.
About Manny
Emmanuel "Manny" Herrera Ocampo is an Operation Specialist. As a member of the Treasury Advisory Team, Manny manages document and regulatory operations for the global corporates sector. Manny assists corporate clients, ensuring all documentation is complete before trade execution and transactions are properly reported under Dodd-Frank and EMIR, post-execution. Prior to joining Chatham in 2022, Manny previously served as an Operations Specialist for Malvern Bank, N.A. and Santander Bank N.A.
Publications
Openings shrank, jobs rallied; FOMC likely to keep pace
- Fiscal & Monetary Policy
With weaker job openings, falling unemployment, and a slowing housing market sending a mixed message, the focus turns to Wednesday's CPI report and May 2 FOMC meeting for signs of a May terminal rate and the onset of a Fed deceleration cycle.
FOMC says rate hikes are working but more expected
- Fiscal & Monetary Policy
This week, several members of the Federal Open Market Committee (FOMC) spoke at various conferences and interviews with one cohesive message meant to realign investors and market expectations: Rate hikes are working, but the Fed is not backing down just yet.
Expertise
- Corporates
- Foreign Currency Risk Management
- Interest Rate Risk Management
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