Reality Beckons: Even Bigger Payroll Gains, Much Less Fuss Over Them

By |2020-07-02T16:24:40-04:00July 2nd, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

What a difference a month makes. The euphoria clearly fading even as the positive numbers grow bigger still. The era of gigantic pluses is only reaching its prime, which might seem a touch pessimistic given the context. In terms of employment and the labor market, reaction to the Current Employment Situation (CES) report seems to indicate widespread recognition of this [...]