Last night's non-farm payroll data was released, with the unemployment rate hitting a record high—what does this mean for the Fed and the next move of bt?
The current unemployment rate is 4.6%, significantly higher than expected! While the employment data slightly exceeded expectations! The sell-off wave has intensified again.
Why is unemployment data a leading indicator of liquidity?
An increase in the unemployment rate is not just economic data; it is also a pressure point. When the labor market weakens further, the Federal Reserve will be forced to shift from controlling inflation to protec