Episode 68: We have a strong job market!

We have a strong job market with an estimated creation of 108,000 positions.The ADP payroll report dropped a bombshell, boasting over 200,000 jobs. The job market remains robust and highly competitive.The era of the "great quit" has seemingly come to an end.Inflation is stubbornly high! Leaving us wondering if it will persist or start to decline.If the Federal Reserve determines that inflation remains elevated, especially at the core level for both PCE and CPI, they might raise interest rates by 25 basis points.The recent banking crisis has impacted market sentiment, reflected in the Future Fund CME tool, which now suggests a greater than 50% probability of additional rate hikes, potentially one after another.#KPTalks