The Fed will likely continue to tighten if the labor market remains tight given elevated core inflation, says Jeffrey Cleveland. He discusses the market reaction to today's jobs and economic data. He talks about how the best thing the bond market can hope for then is for the Fed to go on hold at some point in 2023 if wage pressures continue to cool off. He then goes over how, as of December, that "best case" scenario of a "soft landing" is playing out. Tune in to find out more about the stock market today.
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