MM093: Jerome Powell boosts stocks & what to expect from OPEC+
Market Maker
00:00
The Labor Market Is Still Super Strong, Right?
Powell said in order to bring inflation back down, he warned that the labor market must become substantially softer and there would need to be a sustained period of below trend growth. He's basically saying that, look, you know, the labor market's still super strong. So that's why I don't expect any rate cuts anytime soon is what he's saying. We're pretty sure where the top of this hiking cycle is. Now it's all about when's the start of the cutting cycle?
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