#MrMarket: The jobs surge means higher rates for longer. Liz Peek, The Hill, Fox News
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 8 February 2023
⏱️ 14 minutes
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#MrMarket: The jobs surge means higher rates for longer. Liz Peek, The Hill, Fox News
https://www.msn.com/en-us/money/markets/fed-chair-powell-says-inflation-is-starting-to-ease-but-interest-rates-still-likely-to-rise/ar-AA17cYaV
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| 0:30.0 | This is CBS Eye on the World. Here's John Bachelor. |
| 0:41.7 | The jobs report for January surprised everyone. The smart set on Wall Street, the big bankers |
| 0:47.8 | around the world expecting a Federal Reserve to key on the number. Federal Reserve was surprised. |
| 0:54.0 | The economists on TV were surprised. Everyone was surprised. As far as I know, the man in |
| 0:59.0 | the moon was surprised. So I welcome Liz Peak, a columnist at the Hill, a columnist at Fox |
| 1:03.7 | News, much on Fox Business. Not because Liz wasn't surprised, but because we're enjoying |
| 1:10.0 | how it is that in a room of economists, how when they meet their each other's eyes, they |
| 1:15.3 | don't break out laughing because it is the dismal science just because now and again, |
| 1:20.9 | Peak gets it right. And we load up a lot of expectations. Liz, 500,000 plus revising the |
| 1:28.2 | earlier reports of December and November with plus 71, making the job's growth a complete |
| 1:35.6 | quandary because we're supposed to be on the eve of if not already in a recession. The |
| 1:41.8 | metaphors that have been used over these last months, the Federal Reserve, Mr. Powell, |
| 1:47.3 | and say soft landing, the expectation on Wall Street is a hard landing. Now a new one, |
| 1:53.2 | no landing. I think that means no recession. I'm not sure. How do you characterize the |
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