re: CPI comes in hotter than expected, futures down 1%+

quote:

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Well maybe I misread it, but the suggestion in your post seemed to be that the jobs numbers are strong and healthy, and that is simply untrue. All you have to do is look beyond the headline and see what “jobs” are being created and which are being lost. Not saying the sky is falling, but a strong jobs market and economy is not built on low paying part time jobs.

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The truth is probably somewhere in between. You don’t get stubborn services inflation without a solid economy and growing wages.