Published on 10 Oct 2022 on Insider Monkey via Yahoo Finance
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A strong U.S jobs market may actually make a recession more likely. Wall Street is concerned that the Fed could see additional hirings as an indication that the economy needs to be slowed down further to tame inflation. This could lead to more aggressive rate hikes by the Federal Reserve and elevates recessionary risk. Brian Jacobsen, senior investment strategist at Allspring Global Investments, told AP News on October 8:
“The employment situation is still good and that might be a little frustrating to the Fed. The Fed thinks we need more people unemployed in order to make sure inflation comes down and stays down.”