Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
... gas prices are falling like a rock and that will show up in the next inflation report. I think they will sit out the next meeting and see where things go from here.
Falling Gas prices is a good point ...and will be a factor when the Feds meet 3 weeks from now to discuss interest rates.
Perhaps they don't raise rates next time if gas prices show inflation taming, or perhaps they raise rates by a lower amount.
Today's jobs numbers give the Feds a higher possibility of raising interest rates but perhaps gas prices will tamper that possibility.
You can bet if the jobs report was bad they would be all over this thread crowing about Biden's economy.
Meh, if the jobs report is good they will just get on here claiming that Biden's people are "cooking" the books. They will also talk about part time jobs and J-6. And of course they will mention that all the jobs are weak "service industry" jobs and fast food jobs.
This is basically a "SOSDMonth" exercise for the righties.
It is always good news if jobs are added. Hope the stat sticks when revised.
Not sure why anyone would think adding jobs is bad. I'm all for growth and a better economy. Inflation sucks, but gotta look at some good news too.
Adding jobs is good in itself. But if unemployment gets too low, it is bad. Because then companies have to pay higher wages to find workers.
Higher wages are also good in itself. But companies have to pass on the cost of those higher wages to the consumer; ie higher prices (inflation).
Maybe price inflation isn't so bad if its matched by wage inflation. But the Fed has a goal of keeping inflation at 2%. Their main tool to do so is to raise interest rates.
Maybe higher interest rates aren't such a bad thing; you pay more to borrow, but you can earn more on your savings. But higher interest rates make bonds more attractive than stocks, thus the stock market goes down. New bonds are now more attractive than old ones, so the bond market also declines.
So in summary: a good thing (more jobs) can result in higher prices, higher interest rates and a declining stock market.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
