Can the Fed Absorb Jobs and Oil Shock? | Presented by CME Group
Bloomberg Television·2026-03-12 13:41
The disinflation narrative that's carried markets for 2 years is showing serious cracks. Oil's move higher isn't just a supply story. It's a geopolitical risk premium creeping back into energy markets.And that changes the Fed's calculus in a meaningful way. Today's payroll report showed a net loss of 92,000 jobs, which complicated things further. The participation rate fell, indicating people are leaving the workforce rather than finding jobs.The conventional read is that the weak jobs data accelerates the ...