The Jobs Bombshell Puts Markets On Edge

Scott Anderson
Chief Economist
Bank of the West

The markets recoiled as a much stronger than expected January Employment Report put stock and bond markets on notice that the Federal Reserve is not yet about to quietly move to the sidelines with an overheating labor market still very much in place. Bottom-line, Fed monetary tightening will continue in the months ahead.

The dominant narrative on Wall Street has been that Fed’s monetary tightening is nearly out of the picture for 2023.

To learn more, check out this week's U.S. Outlook Report.


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