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Is The U S Labor Market As Strong As It Appears?

Is The U S Labor Market As Strong As It Appears?
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ECB hawk Schnabel lifts EU bond yields with FT comments

Fed s Waller and ECB s Stournaras talk rate cuts

- Stocks move higher and bond yields lower as interest rate expectations are further dialed in after Fed Waller yesterday spoke about seeing case for rate cut in several months if inflation takes on course, suggesting a move in H1 2024, alongside a significant drop in German states and Spain’s CPI readings, ahead of Germany’s national reading at 08:00 ET.

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