December 06, 2024 at 03:43PM
227K is a big number but need to look at averages
Jobs market cooling to something like sustainable full employment, want to keep it there
Last few months, jobs number feels like a sustainable, full employment pace
Measurements like the ratio of vacancies to number of unemployed people show balance in the jobs market
What happens with immigration will have a very significant impact on the size of the labor force
Says he won’t pre-commit to December decision, still several data points to come
Overall progress on inflation is still encouraging
The same volatility that attracts people to bitcoin is what makes it not a currency, it’s it’s not a stable store of value
Also just now, Goldman Sachs’ chief economist Jan Hatzius was on CNBC saying he expects the Fed to cut in December.
This article was written by Adam Button at www.forexlive.com.