Failure by the Federal Reserve to curb inflation could result in prolonged high interest rates. 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 estimates by approximately 100,000 have thrown a spanner in 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 updated with the latest technology news by visiting NEWSLINKER.
