
Vigilante Attack And The Lost Labor Market
Traders will stare down a deluge of data and a bevy of Fed speakers in the first week of March, as the market ponders what's next after what Goldman on Friday evening called "a bond vigilante attack."
The February jobs report may underscore the lack of momentum in the labor market as Democrats push to pass Joe Biden's stimulus plan before key benefits lapse in mid-March. Senate Democrats had some ideas about how to maneuver around an unfavorable parliamentarian ruling on the minimum wage hike,