Jobs Data May Shift BlackRock's View on Rates: Rosenberg

Jeff Rosenberg discusses the impact of recent nonfarm payroll revisions and the delta variant on economic trends. He highlights the pre-CDC mask guidance context and the temporary nature of variant surges, drawing parallels with India and the UK. The conversation shifts to interest rates, labor market strength, and inflation, emphasizing a strong economic report. The potential for a regime shift in interest rates is considered, with a focus on broadening inflation signs.

What impact do the recent nonfarm payrolls have on the Black Rock view?

How have negative surprises in the economy been influenced by the delta variant?

What recent changes in guidance from the CDC are relevant to the payroll report?

What does the speaker suggest about the potential peaking of negative news?

In what ways could the current labor market strength influence inflation?