Jobs Report Will Not Help Fed: Berro

• The jobs report will be scrutinized for job growth diffusion (breadth of growth), wages (important for the Fed's view on labor market equilibrium), and the U6 underemployment rate.
• The Fed remains concerned about inflation, primarily driven by energy, and the jobs report is not expected to alleviate these concerns.
• New Fed Chair Kevin Warsh's stance on forward guidance is discussed, but Berro believes there will be more continuity than anticipated, as the market is already data-dependent.

Kelsey Berro discusses key aspects of the upcoming US jobs report, focusing on job growth diffusion, wage trends, and the U6 underemployment rate. She notes that the report is unlikely to ease the Fed's inflation concerns, which are currently driven by energy prices. Berro also addresses the potential impact of new Fed Chair Kevin Warsh on forward guidance, suggesting more continuity than expected as the Fed has already been moving towards a data-dependent framework.