El-Erian: 'Goldilocks 'Jobs Report Encourages Fed

The transcript discusses the current economic indicators, focusing on unemployment and wage trends, and their implications for the Federal Reserve's potential rate hikes. It highlights the market's subdued response and expectations for 2017, emphasizing the uncertainty in economic and policy fronts. The discussion also covers the significant pullback in Treasurys and how markets have priced in higher US growth and inflation based on recent announcements.

What are the two short-term messages mentioned regarding the economic report?

How does the report influence the Federal Reserve's decision-making?

What is the expected number of rate hikes for the next year according to the discussion?

What factors contribute to the uncertainty surrounding economic projections?

How did the market react to the changes in expectations regarding US growth and inflation?