A Strong Jobs Number Makes It More Likely The Fed Will Continue Tightening

The markets are finally pricing in a hawkish Fed, says Greg Swenson. He and Joe Brusuelas discuss jobless claims for the week of February 18th. They discuss how initial and continuing jobless claims continue to decline. Greg notes that strong job number only makes it more likely the Fed will continue tightening. Joe says that a strong labor market implies more room for the Fed to stay restrictive with its monetary policies. He also mentions that there is more hope of a soft landing if the impact of rate hikes on layoffs and unemployment rate stays minimal. Tune in to find out more about the stock market today.