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Seth Golden posted an update 5 years ago
Friday’s NFP May prove of greater significance than most are currently considering. Recall in Feb. 2018 the NFPs wave component accelerated beyond economists’ projections and investors feared it would prove a lasting inflationary contributor. Markets were rocked by 1,000 point moves on the Dow. Beyond the headline number and with companies looking to offset tariff impact, if wages actually print flat or tilt negative, watch out!