Rising wages were one of the few positives to come out of the Bureau of Labor Statistics' monthly nonfarm payrolls release.
February's jobs report pointed to a slowing economy with one notable exception that could cause policymakers a headache later in the year.
"Our contention continues to be that the majority of the cost pressure is the result of the economy running too hot last year which has led to higher labor costs among other things," he added."This essentially tipped over the profits cycle." What worries Wilson and other Wall Streeters is what happens if the jobs numbers stay soft even while wages continue to increase and a profits recession should hit corporate America.
That, he said, would thwart a prevailing Goldilocks sentiment of controlled growth and lead more to a Hansel and Gretel economy,"a fairy tale about the dangers of an unwholesome appetite as a means of survival – i.e., chasing prices higher and justifying it with the wrong narrative."
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Why The Just-Released February Jobs Numbers Are Disappointing -- And Why That MattersThe much-anticipated February Employment Situation Report was released today, showing only 20,000 jobs added. Despite this, unemployment fell to 3.8%. However, this has done little to relieve the concerns of those worried that the expansion may be slowing.
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Fed’s pause now extends through September in wake of weak jobs reportThe Federal Reserve’s pause on interest rates now extends through September in wake of weak jobs report, economists said Friday.
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February’s Hiring Chill Will Make the Fed Even More PatientThe February employment report, with unsettling signs of a sharp hiring slowdown despite rising wages, bolsters Federal Reserve officials’ decision to stop raising interest rates.
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The Fed doesn't have to worry about high inflation anymore, and that's a problemThere was a time not so long ago that defeating inflation would have been considered a huge victory for the Federal Reserve. No more.
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ECB, Fed React to a Slowing Global EconomyThe European Central Bank made a U-turn with new plans to stimulate the eurozone’s faltering economy, while Federal Reserve officials signaled increasing reluctance to raise U.S. interest rates at all, as evidence mounts of a slowing global economy.
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U.S. Fed buys no mortgage bonds, sells noneThe Federal Reserve bought no agency mortgage-backed securities in the week
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Household net worth falls by largest amount since the Great Recession, new Fed data showsThe drop is because of the poor performance of the stock market in the fourth quarter of 2018.
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Fed survey finds adverse impact from government shutdownThe Federal Reserve says the U.S. economy was expanding in January and February, but half the country was seeing fallout from the 35-day partial government shutdown.
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Fed's Williams: 'New normal' of slow growth will keep Fed patientHe cited three constraining factors: a global slowdown, geopolitical uncertainty and tighter financial conditions.
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