US Strong Wage and Job Gains in January with Private Payrolls Adding 444k New Jobs

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  • #32204
    Truman
    Participant

    Bond Update after Jobs Report:

    2-yr yield flat at 0.88%, reflecting unchanged expectations for fed funds rate.
    10-yr yield up five basis points to 1.78% after hitting 1.80%

    #33146
    TradersCom
    Keymaster

    Atlanta Fed President Raphael Bostic in an interview with the Financial Times:

    Looking for further evidence that rising wages are not feeding meaningfully into higher inflation
    Encouraged by latest employment cost index and expects a moderation in wage growth going forward
    He is optimistic on the economy
    If we do three hikes, that’ll still leave our policy in a very accommodative space
    The market is now pricing up to 5 fed funds increases in 2022

    #32200
    TradersCom
    Keymaster

    US in January added 467k non-farm payrolls jobs, more than forecasted 150k. December previous 199K revised to +510K. Wages increased more than expecte
    [See the full post at: US Strong Wage and Job Gains in January with Private Payrolls Adding 444k New Jobs]

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