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Friday, March 4, 2022

US Economy Is Surging -- March 4, 2022

Link here:

  • jobs rose a surprisingly strong 678,000.
  • unemployment edged lower: 3.8%.
  • wage inflation? What wage inflation? Wages flat.

Target, the retail store: hiking minimum wage to $24 / hour in some locations. Link here

Prior to the jobs report: Dow was running about 300 points in the red. 

After the jobs report: 302 points in the red, pre-market opening, 8:10 a.m. CT. Such a strong jobs report will "force" the Fed to raise rates. But only a 25 basis points. But any rise in interest rates will simply corroborate the strength of the US economy. Let's go, Brandon. Go get 'em.

First group "financial / economic" indicators:

Another week of not watching CNBC

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