00:00The Fed's not going to cut rates on this. This is a genuinely strong report. I think the headline number
00:06for May is impressive at 172,000, but I think the really impressive part of it is the upper revisions,
00:14which say that the last three months, 181,000, so the economy's got lots of momentum.
00:18I agree with Kevin Hassett that we have seen moderate wage growth. This is really tailor-made for the stock
00:25market with slow wage growth. But we've still got inflation running close to double the Fed's target. There's no real
00:32problem with momentum in the economy, so it's way, way early to talk about a Fed rate cut.
Commenti