Lates News

Sameer Samana, global stock and real asset manager at Wells Fargo Bank, said that we have reached a stable state in the labor market. We have transitioned from a situation of excessive job growth, wage growth, and low unemployment to one that is just right. The downside risks may lie in the possibility of a re-escalation of trade tensions. The non-farm payroll report may reinforce the Federal Reserve's stance of standing pat for a longer period of time, as they point out that the sustained stability in the labor market may be a reason for them to take some time before lowering interest rates.