Pretty much a goldilocks job report. 175K jobs is respectable at any time and in the context of strong prior months so a ~250K monthly average even more so. Unemployment ticked up to 3.9%. Earnings growth slowed. Most reassuring data for the Fed in the last 2+ weeks. pic.twitter.com/5G1iCTy3Cz

One of the clips from yesterday morning's conversation on @BloombergTV. www.bloomberg.com/news/videos/2024-05-03/el-erian-says-goldilocks-jobs-report-will-please-fed?sref=wFBeaN16 #economy #jobs #employment #unemployment #federalreserve #centralbanks #econtwitter

From @jeffsommer article in the @nytimes, " The Perils of the Fed’s Vast Bond Holdings." www.nytimes.com/2024/05/03/business/federal-reserve-markets-turmoil.html #economy #federalreserve #markets #qe #qt #econtwitter pic.twitter.com/BPNhXlMB5p

The Fed's general intuitions -- not getting overly excited about the disinflation of the second half of 2023, and then also not getting overly excited about the warming in Q1 2024 -- not looking too bad.