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Today we got the latest JOLTS report - Job openings fell from 1.1 million in August to 10.1 million. The drop in job openings last month (-1,117,000) is larger than the drop in job openings in March 2020 (-1,087,000). However, the Fed is unlikely to pivot - "Tighter monetary policy has begun to cool demand and reduce inflationary pressures, but our job is not yet done. It will take time, but I am fully confident we will return to a sustained period of price stability."
Video Length: 00:05:04
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