The Jobs Report Was Goldilocks
The jobs report was Goldilocks: Tom Essaye Quoted in Barron’s
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Sevens Report Research’s Tom Essaye told Barron’s that although Federal Reserve Chair Jerome Powell’s congressional testimony this week and Friday’s jobs report kept market expectations intact for both a June interest rate cut and generally stable growth, neither event added anything incrementally positive.
“The jobs report was Goldilocks, but it also added to some hints that there may be some weakness forming in the labor market, and that combined with digestion is likely why markets are slightly lower…,” Essaye said.
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