Does The Fed Want More People To Be Unemployed?
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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."
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Disclaimer: These views are not investment advice, and should not be interpreted as such. These views are my own, and do not represent my employer. Trading has risk. Big risk. Make sure that you can ...
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