Como se combate o populismo? "Com eleições", responde Fukuyama

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Fed in 6th inning of tightening cycle: Lehman's Matus (9:16am

WASHINGTON (MarketWatch) -- The Federal Reserve is not as near the end of its tightening cycle as some economists believe despite the lackluster 78,000 jobs created in May, said Drew Matus, economist at Lehman Brothers.
It is "still the sixth inning in our view as we do not expect this one number will impact the Fed's thought process," said Matus in a note to clients on Friday.
He was referring to comments made on Wednesday by Dallas Fed president Richard Fisher who said that Fed was in the "eighth inning," or almost at the end, of the tightening cycle.



Weak jobs report 'seals deal' on Fed pause: economist (9:09am

WASHINGTON (MarketWatch) -- The weak U.S. nonfarm payrolls report released Friday "all but seals the deal" on the Federal Reserve pausing in its rate hikes, said Sherry Cooper, chief economist for BMO Nesbitt Burns.
After one or two more rate hikes this summer, Cooper said the Fed will pause.
"Next year, the start of an easing cycle cannot be ruled out, particularly if global growth continues to weaken" she said.




May job data show U.S. growth slowing: PNC's Hoffman ( 8:56am

WASHINGTON (MarketWatch) -- The May unemployment report shows that the U.S. economy is slowing to about a 3.0% GDP annualized growth rate in the second quarter, said Stuart Hoffman, chief economist for PNC Financial Services Group.
"It is not anything dramatic, but it is a continued slowdown from something close to 4% in the latter half of last year," Hoffman said in a telephone interview Friday shortly after the Labor Department released the May job data that showed a surprisingly weak 78,000 jobs were created in May.
The Federal Reserve will hike rates by a quarter-percentage point in June, but then pause in August to see if the economy will continue to slow in the second half of the year or level off and regain momentum, Hoffman said. "It is time for the Fed to step back and assess what happens in the summer quarter," Hoffman said.