BlackRock’s Rosenberg Says CPI Looms Even Larger After Jobs Beat

Jeff Rosenberg at BlackRock said the “massive beat” in August US jobs growth underscores how pivotal next week’s CPI release will be for Fed rate decisions. Policymakers are weighing whether to raise interest rates further as inflation data becomes the key near-term catalyst. The note is directional for rates expectations but does not cite a specific new policy action or magnitude beyond the jobs surprise.