Strong Nonfarm Payrolls Print Lifts Wall Street, Keeps Rate Cuts Off Table
Schwab Network · Schwab Network
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Show Notes
"It doesn't look like Jerome Powell's going to cut in the next two meetings" when it comes to interest rates, says Kevin Hincks. He points to a surprisingly strong nonfarm payrolls print and a 4.3% unemployment rate adding muscle to the U.S. jobs outlook. However, Kevin notes it comes with a small flag for inflation. He later touches on the latest mortgage applications report.
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