US Labor Market Sends Mixed Signals
Bloomberg Intelligence
00:00
The Future of the Bond Market
The Fed has a single mandate focusing just on inflation for the time being. If you're seeing a sudden really quick uptick in unemployment and broader losses, that I think does change their reaction function. And so we're not there yet. In fact, with the opposite way, if this report shows the strength and services continue to be really robust in the economy, then their preferred measure, of course, will not budge much down. That means they have to continue to raise rates.
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