What's new
By:

Inflation, Rising Prices & Recession: Economic Discussion

Big time jobs report this morning. This will likely make the fed hike rates even harder.

 
[QUOTE='jmanz]Big time jobs report this morning. This will likely make the fed hike rates even harder.
[/QUOTE]That’s because it’s from all the second jobs people are having to take due to inflation.

 
  • Nonfarm payrolls rose 528,000 for the month and the unemployment rate was 3.5%, easily topping the Dow Jones estimates of 258,000 and 3.6% respectively.
     
  • Wage growth also surged higher, as average hourly earnings jumped 0.5% for the month and 5.2% from a year ago, higher than estimates.
     
  • Traders are now pricing in a higher likelihood of a 0.75 percentage point hike for the next Federal Reserve meeting in September.
     




 
Is that why the market is crap again? People thinking they are going to raise the interest rates?

 
[QUOTE='nodle]Is that why the market is crap again? People thinking they are going to raise the interest rates?
[/QUOTE]Actually with a 20-25% hedge with energy companies it's not such a bad day at all.

 
200.gif
Click to expand...
 
You must log in or register to reply here.
Back
Top