US labor market added 263,000 jobs in September

Market upset at this "better than expected report.

Jeff

Means that the economy is not slowing and by extension, the Fed will continue to push up interest rates higher than desired/expected.

Unemployment down to 3.5%. Not good if you are someone that was hopeful the Fed was going to move down to ONLY a 0.5% increase.

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The older very outdated dogs in the market think labor doing well is inflationary.

I think the trickle on inflation is our biggest problem. Bid it up of course there is inflation.

Yeah some of that is the middle class. Most of that is the top 10%.

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Means that the economy is not slowing and by extension, the Fed will continue to push up interest rates higher than desired/expected.

Because it’s not about inflation, which is a worldwide phenomenon that the Fed has no control over (According to Powell before the Senate Banking Committee), it’s about putting people out of work, creating unemployment, and pushing wages back down to $7.25/HR.

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