Miner Company
NFP Preview: Can The Labor Market Withstand The 'Stagflation' Storm? Implications For The DXY And Dow Jones
Consensus for the March employment report includes a historically sluggish NFP rebound (+50,000 to +65,000) and sticky Average Hourly Earnings (+0.3% to +0.4%). A "stagflation shock" (low jobs growth under 50k plus high wages over +0.5%) is the worst-case scenario for the Dow Jones, as it traps the Fed from cutting rates.
Consensus for the March employment report includes a historically sluggish NFP rebound (+50,000 to +65,000) and sticky Average Hourly Earnings (+0.3% to +0.4%). A "stagflation shock" (low jobs growth under 50k plus high wages over +0.5%) is the worst-case scenario for the Dow Jones, as it traps the Fed from cutting rates.