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Technology Stocks : Dell Technologies Inc.
DELL 133.78-0.1%Nov 14 9:30 AM EST

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To: Lee who wrote (141640)9/9/1999 8:55:00 AM
From: TRCM  Read Replies (2) of 176387
 
Lee - Re <<<this represents a tight labor market>>>

I don't think anyone would debate that the U.S labor market is "tight", but that isn't my argument..Due to the time lags which take place between a change in monetary policy and the impact it will have on the economy, one can conclude that the two recent rate hikes won't be fully reflected in the economy until the end of the year, at least. My argument regarding last Friday's employment report is that it was below consensus expectations which simply means that perhaps the labor market isn't quite as "tight" as many had anticipated...the employment rate has been fluctuating between 4.4 and 4.2% for months, nothing new there, but what will concern the Fed is wage push inflation...Lower productivity coupled with higher wages are the signals A.G warned us to watch for. There were many who argued that Friday's report was the make or break data for the markets...If the labor markets are too "tight", then why are 24 of 26 primary dealers surveyed not calling for another hike in October...
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