Final Trading Day of 1H, Markets Jump on Inflation Data, Apple Hits $3T Valuation 6/30/23
Squawk on the Street
00:00
The Fed's Sensure Panel: A Global One
The key for all of this, and Fed Chair Powell said that many times, is that the job market's been humming. Even if we're starting to see a little bit of cooling, it's strong. Unemployment below 4%, wage growth still growing. And while they're technically not in recession, they're obviously closer to that. The other amazing thing and the Sensure Panel was a global one is the split, the way in which, say, the City Economic Surprise Index for the US and the Economic Surprise index for Europe have just completely split.
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