In the event that the Fed is unable to curb inflation, it will likely maintain higher interest rates for an extended period of time. Moreover, there is a possibility of further rate hikes. Nevertheless, today’s unexpected 0.4% increase in monthly wages and the Non-Farm Payroll report surpassing expectations by approximately 100,000 have thrown a wrench in the works. Investors, anticipating a more relaxed employment situation following the JOLTS report, were taken aback by the announcement of 272,000 non-farm payrolls, far exceeding the anticipated 180,000. Stay updated with the latest technology news by accessing NEWSLINKER.
