Quote from: nageta on July 11, 2023, 08:20:50 AM

Despite ongoing discussions about an impending recession, the recent US job report delivered an unexpected surprise. The private sector saw a staggering 497,000 new jobs, more than double the estimates put forth by Dow Jones analysts. This surge in employment further fuels optimism and offers a glimmer of hope for the global economy.

This is on top of the recent CPI report of 3% inflation, with core PPI climbing 0.1%, up 2.6% year-on-year. Possible the market has already felt the effects of the fed interest rate hikes but a recession still seems likely. The fed had conceded a soft landing. 3% isn't supposed to be celebratory either, it's still 50% higher than what the central banks target. For the first time in over a year, wages are outpacing inflation and any lost wages from the past year isn't coming back.