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progree

(13,081 posts)

19. There is a causal relationship in this case --

Fri Jul 7, 2023, 06:06 AM

Jul 2023

Another good job report another bad day at the stock market

according to media and pundits. It solidifies predictions that the Fed will raise interest rates again, and the stock market never likes interest rate increases. Core inflation has been stuck for several months at more than 2 X the Fed's target -- see the blue bar charts for core inflation --

https://www.democraticunderground.com/10143095224#post3

Although the more official and comprehensive jobs report comes out in 2 1/2 hours -- the Bureau of Labor Statistics's jobs report. See my #18 below about that and compared to the ADP jobs report that came out Thursday (in the OP). Anyway, the BLS report is what the Fed and the market are going to be focussed on today and the days and weeks to follow.

Currently (at 618 AM ET, before the BLS jobs report release), there is a 90% chance that the Fed will raise interest rates in late July, according to the FedWatch tool
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

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Pic Of The Moment: Time To Break Out Those Biden Stickers Again [View all] EarlG Jul 2023 OP

Owning the cons! nt TeamProg Jul 2023 #1

Another good job report Alpeduez21 Jul 2023 #2

Companies don't want people to options and jobs they want us at each other's throat for their scraps Fullduplexxx Jul 2023 #17

There is a causal relationship in this case -- progree Jul 2023 #19

GREAT JOBS REPORT...K AND R Stuart G Jul 2023 #3

Bideneconomics work LetMyPeopleVote Jul 2023 #4

Trickle-down was as big a scam as Stalinism. Hermit-The-Prog Jul 2023 #7

And PREACH IT, Dammit!!!!! calimary Jul 2023 #5

K&R uponit7771 Jul 2023 #6

Strong labor mkt increases the likelihood of the FED continuing NoMoreRepugs Jul 2023 #8

But what about the poor billionaires? - the GOP Yo_Mama_Been_Loggin Jul 2023 #9

They can go for a sub ride to see the Titanic IronLionZion Jul 2023 #11

Or in Elon's case, burning upon re-entry. Crowman2009 Jul 2023 #13

Free rides for conservative SC justices IronLionZion Jul 2023 #14

Let's Go Brandon! IronLionZion Jul 2023 #10

TY.. KICK for PRes Biden! Cha Jul 2023 #12

Time for Dems to buy time on TV. BigmanPigman Jul 2023 #15

Jobs chart (not recent), shows Trump negative job growth. keithbvadu2 Jul 2023 #16

What's considered the official jobs report comes out in 3 hours, 830 AM ET progree Jul 2023 #18

JOBS increase just 209.000 James48 Jul 2023 #20

Yup. Actually I'm kinda glad that it's not a blockbuster. Maybe the Fed will skip the July progree Jul 2023 #21