Rally continues as investors hope for a soft landing
Equity markets continued their impressive start to the year on growing hopes for a soft landing, gaining in four of the five weeks.
November’s jobs report showed surprisingly strong hiring and faster growth in average hourly earnings — suggesting little easing of labor market conditions. Nationwide’s economists Bryan Jordan and Ben Ayers discuss the recent jobs report and what it tells us about the direction of our economy.
• What does the strong jobs report tell us about the overall economy?
• How could this affect the Fed’s decision to continue with their aggressive rate hikes?
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