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re: Jobs number blows out expectations - 528k vs 268k expectation, unemployment falls to 3.5%
Posted on 8/5/22 at 7:47 am to slackster
Posted on 8/5/22 at 7:47 am to slackster
Clearly, we're not in a recession yet, but this supports a more hawkish Fed.
Traders got a little too optimistic in this recent rally and mispriced the Fed's last comments.
Traders got a little too optimistic in this recent rally and mispriced the Fed's last comments.
1
Posted on 8/5/22 at 7:49 am to JimMorrison
Yeah I was in the camp of a bad number means recession is now and the rebound is pulled forward. A blowout number like this means recession is still ahead of us and the rebound gets a littler further out.
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