CrossCheck Management Chief Investment Officer Todd Schoenberger said the latest U.S. nonfarm payrolls report, including revisions, showed a slowdown in job growth and unexpectedly gave equities a boost. He said average hourly earnings growth also eased slightly, which could help reduce inflation pressure, even if that relief may prove temporary. Schoenberger added that while ordinary Americans have real reason to worry about slower employment growth, the stock market was still likely to cheer the data on the day. The remarks were cited by Jin10 and carried by Odaily.
Odaily reported that CrossCheck Management Chief Investment Officer Todd Schoenberger said the latest U.S. nonfarm payrolls report, including revised figures, showed slower job growth and unexpectedly came as a positive for the stock market.
He said average hourly earnings growth edged lower, which could help ease inflation pressure, though that relief may only be temporary.
Schoenberger also said that while ordinary Americans do have reason to worry about employment growth, the stock market would still cheer the data on the day.
The remarks were cited by Jin10.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
