AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Fed's Succeeds in the Jobs Market
The rate of people leaving their jobs is coming back down to pre-pandemic levels. That's just one of the things the Fed is trying to step on, and I think you can conclude that it's succeeding given the momentum we're seeing. The market seems unfazed by that, which is a surprise to me. We have to see expectations of additional rate hikes with almost no doubt.