June’s US Employment Report Assigned ‘B’ Letter Grade By IFR Markets
“The June jobs report does not rise to the level of “substantial further progress” on the labor market that the Fed wants to see before removing monetary policy accommodation. It was a good report but showed enough shortcomings just below the surface to keep rate hikes off the table for just about a year,” says, Jeoff Hall, Managing Economist, Refinitiv IFR Markets. Q1 2021 hedge fund letters, conferences and more June's US Employment Report Assigned 'B' Letter GradeJeoff Hall continues: “Total nonfarm employment expanded by 850,000 in June, eclipsing the Reuters poll consensus forecast (+ 700...