According to Bloomberg columnist Mohamed El-Erian, dean of Queen's College at Cambridge University, September's unexpectedly strong non-farm payrolls report is a reminder that "inflation is not dead" and that the Fed needs to refocus on the fight against rising prices.。"Not only is it a solid labor market, but if you look at the numbers on the surface, it's a strong labor market late in the cycle... For the Fed, it means working harder to resist pressure from the market to focus on a single mission."。"
According to Bloomberg columnist Mohamed El-Erian, dean of Queen's College at Cambridge University, September's unexpectedly strong non-farm payrolls report is a reminder that "inflation is not dead" and that the Fed needs to refocus on the fight against rising prices.。"Not only is it a solid labor market, but if you look at the numbers on the surface, it's a strong labor market late in the cycle... For the Fed, it means working harder to resist pressure from the market to focus on a single mission."。"
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