US jobs report brings both bad news and good news. The good news is the odds of a soft landing in the economy have likely been boosted in light of the labor market’s performance in December. But that’s just our immediate assessment. We think it may be too soon to celebrate because there was nothing in the report to indicate the Fed is going to back off from raising rates.
The bad news is average hourly wages are likely to continue to rise with the unemployment rate back to a historically low 3.5%. This will be a problem for the Federal Reserve, which means they are going to have to push their benchmark interest rate above 5%.
A move above 5% would likely mean a recession will hit later in the year or early 2024.
The bad news is average hourly wages are likely to continue to rise with the unemployment rate back to a historically low 3.5%. This will be a problem for the Federal Reserve, which means they are going to have to push their benchmark interest rate above 5%.
A move above 5% would likely mean a recession will hit later in the year or early 2024.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.