ACTV - Great To Have A Good Job Market With Surging Wages But Rate Cut Mania Takes A Hit And We Fret About Inflation Reheating
2024-02-03 08:45:00 ET
Summary
- The employment data (released on Friday by the Bureau of Labor Statistics) was as you’d expect from an economy that is growing at a good pace.
- The acceleration can be seen in the three-month moving average, which irons out some of the month-to-month squiggles.
- Average hourly earnings of all employees jumped by 0.55% in January from December, the biggest increase since March 2022.
The employment data on Friday poured some cold water on the raging Rate-Cut Mania: The 10-year yield spiked by 17 basis points within a couple of hours....
Great To Have A Good Job Market With Surging Wages, But Rate Cut Mania Takes A Hit, And We Fret About Inflation Reheating