Economic strength is forcing the Fed to get more aggressive

Economic strength is forcing the Fed to get more aggressive

On Tuesday, we learned U.S. employers had a record 11.5 million job openings as of March. That’s arguably the clearest sign that the economy is booming, as hiring workers isn’t cheap and most employers would only do it if they didn’t already have the staff to keep up with demand.

Currently, there are just 5.9 million people who are unemployed. In other words, there are nearly two job openings per unemployed person. The mismatch means that workers have a lot of options, which means they…


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