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How to calm the overheating US job market?
By raising its policy rate by 50bp and promising further increases of the same type in June and July, the Fed has demonstrated that it wants to calm the overheating of the economy, as illustrated by rapid wage growth, for example. In normal times, this is a sign that all potential labour is employed. But this is not the case today. Many employees have not yet returned to the job market. They are estimated to number 5m compared with the pre-Covid trend. If this gap continues to be...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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