⚠️Wall Street Week Ahead: *Markets Hold Breath for Employment and Fedspeak $DIA $SPY $QQQ $IWM $VIX
of"the economic outlook and the labor market" at the Brookings Institution on Wednesday.
As the event's title spells out, the Fed boss is focused on data, which has been prompting him to keepaggressively: For the fourth time in a row, on Nov. 2 the Fed raised by a historically high 0.75%, taking rates to their highest level since 2008. The Fed has faced criticism for seemingly wanting Americans to lose their jobs, but they are not magicians.
When there are almost two job openings for each seeker, it is an employee's market, with full employment and the highest wages. When people have job security and expect it to stay so, they increase demand for products and services, which inevitably exacerbates inflation. Accordingly, if the Fed is to remain consistent, it will keep raising rates until the jobs market declines. Consensus sees 200,000 new jobs in November, easing from 261,000 in October.from the Nov.
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