Consensus for the March employment report includes a historically sluggish NFP rebound (+50,000 to +65,000) and sticky Average Hourly Earnings (+0.3% to +0.4%). A “Stagflation Shock” (low jobs growth under 50k plus high wages over +0.5%) is the worst-case scenario for the Dow Jones, as it traps the Fed from cutting rates. Market reactions are […]The post NFP Preview: Can the Labor Market Withstand “Stagflation” Storm? Implications for DXY & Dow Jones appeared first on ActionForex.