Maria Bartiromo had no choice but to talk about the strong July jobs numbers on her Fox News show last week, and it looked like she was being held hostage while doing it. The unemployment rate dropped to 3.5%, and the lower-third graphic on screen read “BETTER-THAN-EXPECTED 528,000 JOBS ADDED IN JULY.” Bartiromo said, “all areas of the economy actually saw job growth including leisure, hospitality, the services industry, the industrial industry. That’s all good news. The bad news: this ensures we are going to see a Federal Reserve that stays as aggressive as ever.” Maria went on to make the case that the jobs report gave the Fed the green light to continue aggressively hiking interest rates to combat inflation and this could be bad in the short term for the stock market. Of course, if the jobs report underperformed, that would also be twisted as a way to claim the economy was bad, and of course that Joe Biden was in some way responsible for it.
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