Strong jobs report is not a Fed policy game changer: Wells Fargo (via TradingNation)
According to Wells Fargo Securities' Michael Schumacher, it's premature to assume"This report was pretty strong. Not a blockbuster," the firm's head of macro strategy told CNBC's "" on Friday. "If there's another strong one after it, it's conceivable the Fed may start talking about tapering in a pretty serious way. Let's say in October."
"It's an open question just how severely delta turns out to be and also how aggressively governments react to it," he said. However, his overall worry affecting the bond market is sticker than expected inflation. Schumacher is concerned it would spark a significant jump in yields.
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