According to the jobs report released, the US added 375,000 new job well above expectations.
The Fed, which isn’t interested in inflation, sees the job market as too robust and the pressure to increase wages as a concern and therefore will increase the key interest rates another 3/4’s or 75 basis points. There are over 11 million job avaliable above the number of applicants.
Fed officials regard the current job market as unsustainably tight
https://www.reuters.com/markets/us/jobs-blowout-means-more-p…
The Federal Reserve’s only concern is to dampen wage gains after 20 years of stagnant wage compensation. The Federal Reserve is willing to sink the US economy into years of recession in order to reduce wages.