If the Federal Reserve is unable to curb inflation, it may be forced to maintain higher interest rates for an extended period of time. There is also a possibility of further rate hikes in the future. However, the unexpected 0.4% increase in monthly wages and the Non-Farm Payroll report surpassing expectations by approximately 100,000 have thrown a wrench in these plans. Investors who were anticipating a more relaxed employment outlook based on the JOLTS data were taken aback by the announcement of 272,000 non-farm payrolls, well above the expected 180,000. Stay updated on the latest technology news by accessing NEWSLINKER.
