If the Federal Reserve is unable to curb inflation, it may need to maintain higher interest rates for an extended period of time. There is also a possibility of further rate increases. However, the unexpected 0.4% monthly wage growth and the Non-Farm Payroll report surpassing expectations by approximately 100,000 have thrown a wrench in the works. Investors who were anticipating a slowdown in employment based on the Job Openings and Labor Turnover Survey (JOLTS) were taken aback by the announcement of 272,000 new non-farm payrolls, far exceeding the anticipated 180,000. Stay updated with the latest technology news by accessing NEWSLINKER.
