Fed Has Been Taken Aback By Market Strength

The Fed has been taken aback by the continued strength of the market, says Daniel Altman. He discusses the takeaways from the latest jobs report. He notes that market strength is making more interest rate hikes likely. He goes over how much of the jobs gain was from leisure and hospitality. He talks about how the Fed will be pleased to see average hourly earnings were up just 0.2%. He mentions that wages can no longer be called a significant feeder of inflation. Tune in to find out more about the stock market today.