FYI: Why must Chairman Powell continue with the Fed’s rate hikes this December, regardless of political pressure?
Wage growth above 3% for the first time since 2009, that’s why. Unemployment at 3.7%, that’s why.
This morning’s jobs report all but makes the next hike in the cycle next month a fair accompli. Whether or not stocks “like” it.
Regards,
Ted
https://thereformedbroker.com/2018/11/02/wage-growth-screaming/
