Weakness Of Labor Market Conditions According To The Fed
Schwab Network
English - February 06, 2023 21:59 - 8 minutes - 104 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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"The latest jobs report is good for workers and the economy but not good for the Federal Reserve's fight against inflation. There is an incredibly tight labor market. The market today is adjusting to the terminal rate going back above 5%. This earnings season must be looked at within a long-term context. Will there be a mild or a deep recession? There was an inflation issue born in the goods sector, which then moved over to the services side, and can now be seen on the labor side," says Kevin Gordon.