02/07/2016 - What the January NFP report means for Fed policy

* What the January NFP report means for Fed policy
* Market Movers: Weekly Technical Outlook
* Look Ahead: Stocks
* Look Ahead: Commodities
* Global Data Highlights

As the monthly tradition dictates, traders eagerly awaited today's US jobs report with the (lack of) patience of a kid on Christmas. When the report was finally unveiled, it was by no means the anticipated "Red Ryder Carbine Action 200-shot Range Model air rifle with a compass in the stock and 'this thing which tells time'(a sundial)" that Ralphie Parker desperately wanted in the classic 1983 film "A Christmas Story," but it's hardly as disappointing as some have made it out to be.

Overall, the US economy created 151k jobs in January, below the consensus estimate of 190k jobs, and roughly in line with our model's 160k estimate. The revisions did little to take the edge off the disappointing number of jobs created...Full text »

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