TME Weekend: go away in May?

Hike in May and go away

TS Lombard's Steve Blitz in his latest note basically argues that the Fed won't respond to weaker hiring: "March employment data add to the slowing momentum for hiring that the Fed has no intention of reversing. They are, instead, encouraging this slowdown and will get what they want in a few months – unemployment heading towards 4.5%". He still sees Fed funds at 3% by year end.