Markets area treading water. President Trump provided Chairman Powell more breathing room announcing that extended talks are to take place with President XI at the G20.

#FOMC

Today risk assets lost their luster with Treasurys continuing to surge. The 10-year will likely test recent highs.

Recession fears grow as 2- and 10-year curve inverts for the first time since 2007. Are Central Banks behind the curve?

The FOMC will continue to stow their ammunition- there is nothing in the labor report to push the Fed in a different direction.

The British pound continues to get pounded this morning – off near 2%.

Today is a perfect day to tune out the noise, stay focused and stick to your strategy.

Happy Fed Day!!

Market optimism remains as investors wait for the sizable amount of economic data to digest this morning.

The FOMC is likely to move slowly to higher rates as economic growth remains tepid but steady.

A bid in the treasury market may resume after the recent sell off as tensions grow with North Korea.

Risk sectors continue to be tested today as investors wait patiently for Friday’s jobs data.

#Yellen’s comments carry a dovish tilt- now we wait for the Q & A session.

The Fed seems to be off the mark on inflation - I just don’t see the pressure.

YOY CPI continues to decline for the 4th straight month which should keep the #FOMC sidelined and yields at the lower end of the range.

Core inflation remains soft missing the estimate- the benign print will likely keep the Fed sidelined in the near term.

Treasurys are looking to test the 2% level as the risk off mentality is front and center heading into the weekend.

The jobs report is what stands between investors and the weekend.

Change in the headline Nonfarm payroll looks like its full of noise-place your focus on average hourly earnings and participation rate.

The Treasury curve continues to flatten prior to tomorrows inflation data as it remains skeptical of inflationary pressures.