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8th Jul 2022 15:14U.S., Daily Monitor, Weekly Monitor

Payroll growth has stabilized at about 350K, but smaller gains are coming later in the summer/fall.

Wage gains have slowed far enough to exert material downward pressure on core-core inflation.

The Fed does not need to hike by 75bp this month; the risk of a wage-price spiral is small.

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cpi employment employment report fed government ism ism employment job growth July June labor manufacturing payroll payroll growth payrolls policymakers private payrolls rate hike stock market u.s. unemployment wage growth wages

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Keywords for: Job Gains Strong but Likely will Slow

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