Signs of cooling
The job market has added fewer jobs than expected. The market loves it, that’s why it is rallying now, because a cooling labour market can potentially bring down inflation, especially when wage growth has slowed and unemployment has ticked up a little.
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Slug : Fewer jobs is terrible for the market. What bs
PokaiTrader : cooling down inflation is a forerunner to the FED cutting rates; market always gets ahead and prices these tiny details quickly. The window for rate cuts is closing fast to be in time for Nov'24 election season; The FED does not want to look like accomodating cuts for the election...
Btan Slug : US logic
dwarrior : Stock pump… people get richer.. keep spending…
Guffett IO : they should count illegal immigrants who got cash job … that's your real number
EZ_money PokaiTrader : yeah true to extent... just to not make it look obvious but history says that there will be rate cuts for election year, the problem is Biden's energy and foreign policies are causing inflation. Fed told Congress has to stop spending but they are not. both sides are corrupted wanting war, which is the last thing we should be doing. Obama is in control of the white house Biden is a puppet.