Today's jobs report revealed that the labor market is still going strong, even amid rate hikes from the Federal Reserve to tame high inflation by slowing down the economy.
He added that the report is "kindling on the raging debate about how the Federal Reserve should think of the relationship between the labor market and inflation."If the central bank thinks that the low unemployment rate will necessarily push up wage growth and inflation moving forward, this strong report may darken the economic outlook," he said.
"In a year when the economic data is more important than the Fed, the January employment report clearly justified the Fed having tightened by 425 bps over the past 10 months," he said.
I wonder if investors are smart enough to understand the jobs report is a total fraud. Most people have to work 2 or 3 jobs to keep up with hyperinflation... and most jobs are garbage
Strong jobs numbers are cooked to allow Fed to keep raising the rate… the truth can only be suppressed for so long though…
Strong jobs numbers = bad Don’t worry. Fiat money is not broken. Keep working slaves. bitcoin
The markets dropped because institutions are selling. Big money doesn't care about news. News cares about them.
You guys are clueless and just parrot some far reaching comment to make sense of this. If youre paying someone $200K+ to come up with this market analysis youre getting ripped off.
Get ready..!
I want to say again that I enjoy your show & watch it regularly when you are at the helm. You love your job & it shows. You know what you're talking about. Your interviews are informative & you take no prisoners when seeking responses from uncooperative guests. Thank you.
Fed funds swaps have Alameda moving them. They've been wrong for 2 years
...so good news is bad news.
LiveSquawk Keeping in line that good reports during this administration = losses in revenue and profits.
.Yes, 0.25 for two more months, and then NO decreases until the inflation rate drops below 3%!
How good is this....good ol fisticuffs between the Fed and the market. The Fed keeps trying to knock the market down but the market keeps getting up. Can only be one winner and I reckon we are in the last round. It will get exciting folks!
The right-wing elites are manipulating the markets so that Biden doesn't get the credit for the great job he's doing maneuvering the economy through difficult times.
I mean Powell did say they were planning to do 2 more rate hikes unless the data showed it wasn't needed. The jobs report pretty much confirmed it will be needed the question for inflation data is does it need stepped up to .50 in March?
ClosingBell The economy is stunning. Participation rate is now above pre pandemic levels. Wages are up, inflation is still trending down. There are still 1.9 jobs for every person looking for one yet no worker wage price spiral.
So are we supposed to root for people to be unemployed to keep the Fed from raising rates? More people not working is better for the economy?
LiveSquawk stocks didnt' actually fall the mkt ws down, but
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Source: CNBC - 🏆 12. / 72 Read more »