Strong Inflation And Employment Data May Put Pressure On The Fed
Last Friday we got a solid US jobs report which hit all the points required for a more hawkish Fed in the short-term. The December jobs report showed strong wage inflation with average hourly earnings growing 2.9% year-over-year, a 7 year high. Also the wide measure of unemployment which includes discouraged workers fell to 9.2% the lowest level since March 2008.
