Economy that is about to get more tailwind from the tax policy. It suggests the job market is going to heal and i would be surprised if the bond market did not take this into account. Is 4 . Unemployment rate in the last 70 years, we have never seen Unemployment Rate at 4 when the deficit spending is set to increase from 4 deficit to 5 so this is an economy , running hot right now. Wages are gradually beginning to pick up and there is evidence we are closing in on full employment and this is the start of a more pronounced acceleration in wages. I think ms. Volatility in the data the rush to judgment is a , little too soon. It is probably pulled in from the folks in the top end. We are very excited to see the 2. 9 growth rate number. It is the impetus for our tax plan to create real sustainable wage growth. It is something that has been missing from the country for a long period of time. Jonathan joining me around the table in new york is lisa, Portfolio Manager at schroders. Head of fi
We think it is a overall positive backdrop for the economy that is about to also get more tailwind from the tax policy. It suggests the job market is continuing to heal and i would be surprised if the bond market did not take this into account. This Unemployment Rate is 4 . In the last 70 years, we have never seen the Unemployment Rate at 4 when the deficit spending is set to increase from 4 deficits to 5 , so this is an economy running hot right now. Wages are gradually continuing to pick up as the Unemployment Rate comes down. There is evidence we are closing in on full employment and this is the start of a more pronounced acceleration in wages. I think this volatility in these data, i think the rush to judgment on Hourly Earnings is a little too soon. It looks like it is probably pulled in from the folks in the top end. We are very excited to see the 2. 9 growth wage number. It is what we have been talking about with you for the last year. It was really the impetus for our tax plan
We think it is quite solid. We got quite good news today. We think it is a overall positive backdrop for the economy that is about to also get more tailwind from the tax policy. It suggests the job market is continuing to heal and i would be surprised if the bond market did not take this into account. In the last 70 years, we have never seen the Unemployment Rate at 4 when the deficit spending is set to increase from 4 deficits to 5 , so this is an economy running hot right now. Wages are gradually continuing to pick up as the Unemployment Rate comes down. There is evidence we are closing in on full employment and this is the start of a more pronounced acceleration in wages. I think this volatility in these data, i think the rush to judgment on Hourly Earnings is a little too soon. It looks like it is probably pulled in from the folks in the top end. We are very excited to see the 2. 9 growth wage number. Wage growth number. It is what we have been talking about for the last year and i
Policy. It suggests the job market is going to heal and i would be surprised if the bond market did not take this into account. The Unemployment Rate is 4 . In the last 70 years, we have never seen Unemployment Rate at 4 when the deficit spending is set to increase from 4 deficit to 5 , so this is an economy running hot right now. Wages are gradually beginning to pick up and there is evidence we are closing in on full employment and this is the start of a more pronounced acceleration in wages. I think theres volatility in the data, the rush to judgment is a little too soon. It is probably pulled in from the folks in the top end. We are very excited to see the 2. 9 growth rate number. It is the impetus for our tax plan to create real sustainable wage growth. It is something that has been missing from the country for a long period of time. Jonathan joining me around the table in new york is lisa, Portfolio Manager at schroders. Head of fixed income at raymond james. Coming from boston is
Urges patience as the economy continues to outperform. It is hard to talk down your currency when fundamentals are improving. The currency has found a headwind, but we believe we are justified by the domestic strength of the economy. The reason they are not too concerned by the euro is it exogenous shock. It is a manifestation of the confidence of the eurozone and their policy. The eurozone is now growing as much as the united states. I dont know if you change Monetary Policy if it affects that much. I dont know if the euro is now affecting the changing growth rates now established by the euro. Announcing some sort of tapering the decision ahead of the governing council. He did not have a lot of room to move. Jonathan joining me is robert tipp, chief investment strategist at pgim limited, also eric stein from eaton vance, and trey parker at highland capital management. Great to have you on the program. Me, is what jumps out to the message that seems to be received by the fx and bonds i