The alert came around 7pm.
Compounding the issue is the latest jobs data, which shows the labor market continuing to strengthen. Payroll provider ADP reported that private employers added 66,000 roles in February, well above the 50,000 expected. That doesn’t help the argument for a cut. The second part of the Fed’s mandate—steady employment—is already taking care of itself with little intervention.
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Evan Simmons (@estk)