ChainCatcher news, according to Jinshi, Allianz chief economist Elian warned that not all investors are optimistic about Friday's employment report, and the Fed's fight against inflation is not over yet. "This is not only a solid labor market, but if you look at these numbers superficially, this is a strong labor market in the late cycle."
Lindsey Bell, chief investment strategist at 248 Ventures, said the wage growth reflected in the report could remind the Fed that inflation will remain sticky. Chicago Fed President Goolsbee called the latest U.S. nonfarm payrolls report "excellent" on Friday and said more similar job market data would boost his confidence that the economy is at full employment and low inflation. He believes it is appropriate for the Fed to continue to cut interest rates over the next 12 to 18 months, which is what most policymakers currently expect.