Wall Street Comments on the First Non-Farm Payroll Report Since Waller Became Fed Chair

Last month's employment report exceeded expectations, leading to a significant market sell-off. The concern at the time was: what happens to inflation if the economy grows too quickly? Inflation will rise, and the Federal Reserve would have to raise interest rates. This employment report has relieved anyone worried that the Federal Reserve is about to raise rates... This does not mean that concerns about inflation are over, but it does lessen the pressure on the Federal Reserve to raise rates in the short term. The employment report is neither too hot nor too cold, which is encouraging... The rise in the futures market also confirms this. Expand