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Huge upside surprise in today's JOLTs data

US DATA
  • Today's JOLTs number surprised by 864k to the upside - that's the fourth largest upside surprise of the past decade (only beaten in April 2021, May 2020 and July 2021).
  • That's likely to give the Fed confidence at their upcoming policy meeting for a large move, particularly if backed up by the more timely payrolls data on Friday.

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  • Today's JOLTs number surprised by 864k to the upside - that's the fourth largest upside surprise of the past decade (only beaten in April 2021, May 2020 and July 2021).
  • That's likely to give the Fed confidence at their upcoming policy meeting for a large move, particularly if backed up by the more timely payrolls data on Friday.