How bad would it have to be to spook the Fed?
Some men want to watch the world burn, others just want to see volatility in financial markets.
So how bad would non-farm payrolls have to be to put a March 15 hike in jeopardy? The worst estimate in the Bloomberg survey is +165K and it would have to be worse than that. Yellen has said that +75K is enough to keep employment flat and given that the prior was 227K, you’d need something even worse to bring the average down.
