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Episode 32: Investment Grade Market Dynamics

Guggenheim Macro Markets

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The Fed's Forecast for the Next Month

The March jobs report showed a deceleration from February's upwardly revised 326,000. The cyclical and more rate sensitive sectors have started to show declines in job creation. But wages are now growing around a 3.2% annualized pace - half of what it was in January 2022. For the Fed, this is all good news as labor market is cooling without a rise in unemployment.

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