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Markets will be in for a ‘rude awakening’ following jobs report, economist warns

MacroMavens founder reveals what’s ‘troubling’ about July’s employment data

Tobias Deml, CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>, via Wikimedia Commons

By Talia Kaplan

FOXBusiness

MacroMavens founder Stephanie Pomboy warned Friday following the release of the July employment report that “markets are going to be in for a rude awakening.”

Speaking on “Mornings with Maria,” the economist noted that “employment is the most lagging of lagging indicators” and that is “troubling” for what it implies for the Federal Reserve.

Click the link below to read the rest of this story

https://www.foxbusiness.com/markets/markets-rude-awakening-following-jobs-report-economist-warns

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