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The latest US jobs numbers revision was released today, giving deeper insight into the labor market. With final Wall Street waiting over commentary from Federal Reserve Chair Jerome Powell on Friday, could the latest revisions impact how the Fed makes its next decision?

Inflation Insights Founder & President Omair Sharif and Evercore ISI senior economist Marco Casiraghi joins Catalysts to give insight into the US payroll revised numbers and how it can impact the Fed and the broader markets.

Sharif outlines what these numbers mean for the Fed: "This count is really telling us what the more sort of authoritative tally was for the 12 months up to March 2024, but... I think the Fed cares much more about what just happened, which is that the unemployment rate has moved up to 4.3%. Don't forget their year end estimate was 4%. So we've already shot north of that, and history tells us that we need to be more concerned when the rate is rising, because it doesn't necessarily just stop after going up five tenths or six tenths. It can keep moving."

When asked about how it can affect the Fed's messaging and policies, Casiraghi explains: "When it comes to Friday, which is definitely the biggest event of the week, Powell will try to send a calming message. I think that the Fed got a glimpse of what the broader market reaction to recession fears would be earlier this month. So they will tread very carefully."

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Nicholas Jacobino