Breitbart Business Digest: Jobs Numbers Storm the Kingdom of Disinflation Heaven

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المملكة العربية السعودية أخبار أخبار

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Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.

was an improbably popular slogan among conservatives of the 1960s and ’70s. It now looks like a good maxim for considering inflation and interest rates.

It’s up 50 basis points since the Federal Reserve announced that it would hold its rate target steady It now looks like June’s low of 105,000 was the outlier rather than the beginning of a trend toward softer jobs numbers. The figures also show that—and because of that, continue to underestimate the persistence of inflation and higher rates.

 

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