Expect No More Hikes: Current Interest Rate Level Should Constrain Inflation
b"The current level of interest rates should be enough to constrain inflation, notes Randal Quarles. He discusses how markets higher after Apple (AAPL) earnings and stronger-than-expected jobs report. He looks at the Employment Situation report for April 2023 came out today, May 5th. Non-farm payrolls came in at 253K versus an estimated 180K and the unemployment rate came in at 3.4% versus an estimated 3.6%. He also talks about what's next for the financial sector as rates remain higher for longer, highlighting that the S&P Regional Bank ETF (KRE) is up over 3% today. He then goes over what's next for the Fed's inflation fight, noting that he expects no more hikes. Tune in to find out more about the stock market today."