Friday, August 5, 2022

Labor Market Strength Implies Faster Fed Tightening

Employers added 528,000 jobs in July, more than doubling expectations

Good News on Jobs May Mean Bad News Later as Hiring Spree Defies Fed
https://www.nytimes.com/2022/08/05/business/economy/jobs-biden-fed-recession.html
‘Sizzling’ US Jobs Data Make Case for Bigger Fed Rate Increases
https://www.bloomberg.com/news/articles/2022-08-05/-sizzling-us-jobs-data-make-case-for-bigger-fed-rate-increases 

Related:
Are investors right in expecting a dovish Fed pivot? BY VIVEKANAND JAYAKUMAR