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CNN CNN News Central June 4, 2024 17:41:00

Rates any further from where they are today. they re still very high, but i think this is as high as they re going to get. the highest they have been in 20 plus years. the markets seem to be responding well. the dow up roughly 210 points. another aspect of this report that stood out to me, the fact that wage growth is up moving 4.4% in the last year. what do you make of that? from the fed s perspective, that s the one blemish in the report. they re desperately trying to get inflation back to hair 2% target. if you do a little bit of arithmetic they re hoping wage growth back to 3.5%. the wage growth is still a little on the hot side, little strong, so i think they d like to see that come in a little more here over the course of the next few months. but i think they will. all the friend lines look like that s happening. job growth is slowing. ....

Wage Growth , Job Growth , Friend Lines , 3 5 ,