in March, the smallest gain in more than two years but still above prepandemic levels, Labor Department data from earlier in the month showed.
Inflation is “still much too high and so my job is not done,” Fed governor Christopher Waller said in a speech Friday.Elevated inflation is likely to weigh on earnings in the coming quarters, especially if consumers become less willing to payDo you think the stock market will rally after the Federal Reserve has finished raising interest rates? Why or why not? Join the conversation below.
“One of the things that’s propelling the market higher here is the strength of the economic data we’ve seen in the first quarter,” Mr. Schulze said. “But importantly, a lot of that data is lagging. It doesn’t tell us where we’re going to be in three to six months.”
The stock market is not the economy
Bullshit!