Should the Federal Reserve fail to curb inflation, it may need to 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 forecasts by approximately 100,000 have thrown a wrench into the works. Investors, who were anticipating a more relaxed employment situation 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 visiting NEWSLINKER.
