- The more jobs reports you get this way, the more confident we are that the economy isn't overheating
- A bump in inflation hit at the beginning of the year
- The more we see jobs reports that look like pre-Covid, the more confidence there will be that the economy is not overheating.
- The Fed should be relieved that recent inflation is not a sign of a return to acceleration
- What happened in the labor market this year should be recalibrated based on estimates of higher immigration rates but we are still trying to analyze that
- We have some cross-currents, there's no doubt about that
- Are we on the long arc from last year where we saw inflation fall steadily or in a different environment?
- If we remain constrained in this way for too long, we will surely think about the functional aspect of delegation
- Business communication in manufacturing suggests “more of the same” in a decent environment
- We don't hear much input about supply chain bottlenecks anymore
- We didn't have an advanced look at the job numbers
He did not offer much here and the market did not react to his statements.
This article was written by Adam Paton at www.forexlive.com.