Bloomberg Wall Street Week: November 4, 2022
Wall Street Week
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The Fed Needs to Tighten to Lower the Average Hourly Earnings
Non-farm payrolls are down by 290,000 in the last three months. That's a significant slowdown in the economy that we're seeing. The question is how much does the Fed need to tighten to lower those numbers even further? And our view is that they have more to go.
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