If the Fed fails to curb inflation, it will likely maintain higher interest rates for an extended period. There is also the possibility of further rate hikes on the horizon. However, the unexpected 0.4% increase in monthly wages and the Non-Farm Payroll report surpassing predictions by approximately 100,000 have thrown a wrench into the situation. 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 on the latest technology news by visiting NEWSLINKER.
