We had a Goldilocks jobs report.
So a little bit more jobs were created than expected, but not a lot more.
We seem to have eased off a bit because it wasn't a super hot, tight job market.
A lot of those jobs created were temporary jobs and wage inflation actually got reduced a little bit.
So is inflation softening? We're going to find out with some more data on Thursday this week with the CPI (Consumer Price Index).
It's not the Fed's preferred measure, but almost 40% of it is based on housing, owners' equivalent rent, lodging away from home, and all kinds of things that our housing industry has to do with.
#KPTalks
