#JOLTs job openings hit a two-year high and the market is responding positively.
May job openings reached 7.594 million, well above expectations.
A stronger labor market reduces recession risk, but it also gives the Fed less reason to cut rates soon.
Markets are still reading this as a signal of a soft landing, which is enough to bring back risk appetite.
May job openings reached 7.594 million, well above expectations.
A stronger labor market reduces recession risk, but it also gives the Fed less reason to cut rates soon.
Markets are still reading this as a signal of a soft landing, which is enough to bring back risk appetite.