Additional rate hike could be needed if inflation stays high

[Mike M (the other one)]

(04-07-2024, 03:47 PM)NATI BENGALS Wrote: "Nonfarm payrolls increased 303,000 for the month, well above the Dow Jones estimate for a rise of 200,000 and higher than the downwardly revised 270,000 gain in February, the Labor Department's Bureau of Labor Statistics reported Friday."

They are providing numbers from two different sources in that article that makes it a little confusing.

Either way. When they estimate 200,000 in monthly job gains and get over 300,000 I think it's fair to call it a blowout. The conversation over the last couple years has gone from out of control inflation, to way too fast interest rate hikes, to a recession is a certainty, to it looks like a soft landing, to interest rate cuts are coming but we can't do it too early or it will be inflation rocket fuel, to maybe we need to keep raising rates because we keep seeing all these jobs and inflation hasn't cooled enough. I think it shows a strong resilient economy. Some would call it the best in the world.

OFC it's the best atm, Why do you think there is record numbers of Chinese at the Southern Border trying to get in?