Fed Is In No Hurry To Raise Rates, BlackRock's Rosenberg Says

• Traders are pricing in a Fed rate hike by January, an acceleration from previous expectations of March.
• The labor market remains strong, and inflation has not decelerated as hoped, leading to a 'hawkish turn' in market expectations.
• Rosenberg suggests the Fed is typically slow to move and may not be in a hurry to raise rates as aggressively as markets are pricing, especially given some 'one-offs' in the jobs report.

Jeffrey Rosenberg of BlackRock discusses the implications of the May jobs report on Fed policy. He notes that traders are now pricing in a Fed rate hike by January, earlier than previously expected. Despite the strong labor market data and persistent inflation, Rosenberg believes the Fed is in no hurry to aggressively raise rates, suggesting they might be playing catch-up with market expectations.