US: Labor market remains incredibility tight – Wells Fargo – by MSalordFX NFP Banks Fed
in February, surpassing expectations. Analysts at Wells Fargo point out that while hiring remained on a roll, there were hints that strong job growth need not come at the expense of fanning inflation pressures. They see the Federal Reserve remaining in tightening mode.“But at 3.6% unemployment, the jobs market incredibly tight.
“We expect the FOMC to remain in tightening mode awhile yet, with the bar for a 50 bps hike at the upcoming March meeting looking somewhat higher after today's report showing some easing of inflation pressures coming from the jobs market.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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