How The Jobs Report Will Impact The Fed's Taper Timeline

"The reduction in unemployment and the Fed's focus on inflation likely will no divert from its course to tighten," says Phillip Toews. He believes that Powell's comment on speeding up tapering during a falling market means that the "Fed Put" is kaput. Finally, he weighs in on a potential inflection point for the markets that may come if investors realize that the Fed Put is gone.

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