Hopes of investors of a more accommodative stance from the Federal Reserve in the foreseeable future were crushed by the recent employment data that crushed all estimates.
With 11 million job openings, just shy of two for every available worker, in December, Jerome Powell’s concern regarding an “out of balance” labor market may become a headache for investors and business owners if the Central Bank tightens the monetary screw more than expected and overcooks the economy toward a severe downturn.
