Should the Fed fail to curb inflation, it will likely maintain elevated interest rates for an extended period. Furthermore, there is a possibility of further rate hikes. Nonetheless, the unexpected 0.4% increase in monthly wages and the Non-Farm Payroll report surpassing projections by approximately 100,000 have thrown a wrench in the works. Investors, anticipating a softening in the job market based on the JOLTS data, were taken aback by the announcement of 272,000 non-farm payrolls, well above the anticipated 180,000. Stay up to date with the latest technology news by accessing NEWSLINKER.
