Strong job market good for inflation fight -wealth advisor

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The number of Americans filing new claims for unemployment benefits fell more than expected last week, with initial claims dropping 11,000 to a seasonally adjusted 211,000. The strong labor market is seen as a positive factor in the fight against inflation, as wage gains are sufficient to help people maintain a relatively good life in the current inflationary environment. Financial markets have pushed back their expectations for the first rate cut from the U.S. central bank to September from June due to labor market strength and concerns about stalled progress on inflation. The Federal Reserve's March meeting minutes revealed officials' worries about inflation. The article features an interview with a wealth advisor, Miller, who shares her views on the strong labor market and its impact on inflation, as well as discussing the producer price index report, rising bond yields, and upcoming bank earnings.

https://finance.yahoo.com/video/strong-job-market-good-inflation-204707019.html