Many strategists expressed optimism about the Fed’s more aggressive posture to persistent inflation, though it won’t be enough to check further equity losses.
Another pending disagreement between markets and the Fed Myles Udland
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We re a little over a week out from the May jobs report.
And after April s data showed a startling miss relative to expectations just 266,000 jobs were added back to the economy last month; Wall Street economists expected 1,000,000 jobs would be recaptured conventional wisdom says a strong bounce in May is needed to show the economic recovery remains on track.
Total employment in the U.S. as of April was still 8.2 million below February 2020 levels, the last month before the pandemic-induced recession began. Enhanced unemployment benefits helped and continue to help millions make ends meet. More competition for labor is a positive development. But almost 10 million folks who had been working before the pandemic are not. There remains considerable re