The July nonfarm payroll report delivered a juicy plot twist in the Wall Street’s Fed pivot playbook. Stubbornly high inflation and a global economic slowdown was expected to drag down the US economy, but after today’s jobs report that does not seem to be the case. Fed officials were already pushing back on the idea of a Fed pivot and now it seems they will be debating whether they need to be even more aggressive to tackle inflation given how strong the labor market is performing.
US stocks pl
05-08-2022 12:50 GMT
by Edward Moya
