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NFP preview: No signs of a major slowdown in jobs yet!
Last month’s NFP report came in roughly in-line with expectations, underscoring the US labor market’s resilience and doing little to call the Fed’s aggressive interest rates hikes into question. Policymakers at the world’s most important central bank have repeatedly implied that they intend to raise interest rates until the unemployment starts to rise, at minimum, as they can so as long as we continue to see solid job growth and low unemployment, the dominant trend of monetary policy tightening across the globe remains intact. That said, there is a hint of uncertainty about the Fed’s next interest rate ... (full story)