The March jobs report came in hotter-than-expected, adding over 300,000 jobs and beating Wall Street expectations. State Street Senior Global Macro Strategist Marvin Loh joins The Morning Brief to give insight into the March jobs report, and how it will impact the Federal Reserve’s policy decisions and the overall market.
Loh comments on a potential for the Fed to continue pushing out its first rate cut: "At this point, every data point is real. I don’t think they’re there yet. We saw how split they were. It was ten who thought we were going to get three, it was nine who thought we were only going to get two, and I think everyone will be in a camp that they’ll be able to point to something that continues to make them believe that. Still a lot of data between now and June. Certainly, I think you and Josh were talking about July. Certainly a lot of data between now and July. I would point out the way you calculate inflation, it gets harder from a year-over-year perspective after May."
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