A post by @FirstSquawk on X.
HASSETT SAYS LOOKING AT LAST THREE MONTHS OF RUNAWAY JOB GROWTH
@FirstSquawk on X
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Kevin Hassett said officials are examining the last three months of what he characterized as runaway job growth, putting recent U.S. labor-market data at the center of the policy debate. The remark points to sustained hiring strength across the latest three-month stretch, a pace that could complicate the case for near-term rate cuts. It matters because persistent job gains feed directly into wage and inflation readings that guide Federal Reserve decisions. What to watch next is whether the coming monthly payrolls and wage reports confirm that pace or show cooling.
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Kevin Hassett