Reasons for the Fed to delay raising rates is getting thinner: Voya Financials
Quotes from Voya Financials:- The pile of reasons for the Fed to delay raising rates is getting thinner. Today's nonfarm payrolls report showed that the economy added 295K jobs to the economy in February, the twelfth str…
- The pile of reasons for the Fed to delay raising rates is getting thinner. Today's nonfarm payrolls report showed that the economy added 295K jobs to the economy in February, the twelfth straight month above 200K.
- The unemployment rate dropped to 5.5% the lowest reading in almost 7 years. Wage growth remains sluggish with hourly wages up only .1% and the labor participation rate was down slightly giving the Fed some wiggle room if desired.
- The last several months of strong payroll numbers have resulted in short term negative market reactions. Robust job creation is indicative of positive business sentiment and more jobs and lower unemployment rates will undoubtedly put upward pressure on wages, good news for workers and consumers. The real economy is getting stronger and that is what really matters.
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