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Cramer: Don't Underestimate Jobs Report Impact on Fed

2016-03-05 00:21:33| Appliances - Topix.net

Editor's Note: This article was originally sent to Action Alerts PLUS subscribers on March 4 at 11:51 a.m. The U.S. economy added 242,00 jobs in February, well above expectations for 200,000, with the enthusiasm somewhat contained by weaker-than-expected wage growth. While the quality of the headline number is up for debate, there is no question that the report set a new market consensus around the timing of the Fed's rate hike: Fed fund futures markets are pricing a near 70% probability of a rate hike this year, vs. 55% probability earlier in the week.

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