Why we can never have nice things and who the Republicans could blame if they were not stinky maggots!
Web Version
Yahoo Finance Morning Brief withh Myles Udland and Sam Ro
Sponsored by
Thursday, May 12
Today's newsletter is by Ethan Wolff-Mann, a senior writer. Follow him on Twitter @ewolffmann.
The chorus of those wanting a weaker labor market is getting louder and louder.
After the recent job numbers were released last week, Bank of America analysts said in a note they are essentially "rooting against the home team" and hoping the numbers stop being so strong. As higher wages contribute to inflation, the Federal Reserve appears to agree.
“Chair Powell keeps mentioning the relationship between the high level of job openings and wage/price inflation,” Nicholas Colas, co-founder of DataTrek, wrote in a newsletter on Tuesday. “He’s not talking to investors. He’s talking to corporate America, and his goal is to have companies essentially institute a hiring freeze and end the cycle of paying up for new hires.”